In January this year, Turkey’s scrap imports amounted to 1.36 million mt, up by seven percent month on month and down by 46.2 percent year on year, according to the data provided by the Turkish Steel Producers' Association (TCUD).
During the first month of the year, the value of these imports was $509 million, down 49 percent year on year. Looking at Turkey’s scrap imports in January in detail, the EU maintained its number one position among suppliers of Turkey’s scrap imports with a 55.2 percent share, followed by the US with 18.0 percent and the UK with a 9.5 percent share. Meanwhile, in the given period Turkey’s scrap imports from the CIS region, the UK and the EU respectively declined by 99.3 percent, 23.1 percent and 25.7 percent as compared to the same month of 2022.
The main sources of Turkey’s scrap imports in January 2023 can be seen in the table below:
|
Imported tonnage Jan 2022 (thousand mt) |
Change year on year (%) |
US |
246 |
-21.2 |
EU |
753 |
-25.7 |
CIS |
4 |
-99.3 |
UK |
130 |
-23.1 |
Others |
22 |
-90.3 |
Total |
1,365 |
-46.0 |
The comparison of Turkey’s scrap imports in 2021 and 2022 can be seen in the graph below:
