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Turkey’s rebar exports up 29 percent in Q1

Thursday, 03 May 2012 16:50:15 (GMT+2)   -  

Tags: rebar , longs , Turkey , USA , UAE , Middle East , North America , imp/exp statistics , steelmaking , Non-EU Countries , Mediterranean | similar articles » SteelOrbis News

According to the data provided by the Turkish Statistical Institute (TUIK), in March this year Turkey's rebar (including round bar) exports amounted to 851,933 metric tons, increasing by 39.3 percent year on year and up 4.45 percent from the previous month. Meanwhile, the revenue generated by these exports totaled $546.9 million, rising by 38 percent compared to March 2011 and up 4.9 percent from the previous month.

On the other hand, in the first quarter of the current year Turkey's rebar exports stood at 2.3 million metric tons, up 29 percent year on year, while the total revenue of these exports amounted to $1.5 billion, increasing by 30.1 percent as compared to January-March 2011.

In the January-March period this year, Turkey's rebar exports to the US, one of the largest rebar export destinations of Turkey, increased 84.8 percent, while rebar exports to the UAE decreased by 53.4 percent, both compared to the same period last year. Meanwhile, Turkish rebar exports to African countries saw increases in March this year.

Turkey's top 10 rebar export destinations in March and in the first quarter of 2012:

Country

Volume (mt)

 March 2012

March 2011

 Jan-Mar 2012

 Jan-Mar 2011

Iraq

 119,127

68,172

 276,912

 176,839

UAE

 95,333

179,443

 253,735

 544,021

Nigeria

 79,524

400

 107,575

 3,362

Yemen

 65,913

-

 140,581

 48,081

Ethiopia

 62,834

-

 107,450

 11,172

Canada

 52,933

22,584

 52,933

 58,926

US

 47,798

43,185

 216,506

 117,162

Singapore

 41,112

70,760

 84,739

 120,477

Peru

 37,116

36,543

 55,198

 63,548

Libya

 35,065

3,000

 151,512

 56,355

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