Turkey’s scrap imports up 12 percent in 2011

Wednesday, 01 February 2012 11:16:14 (GMT+2)

According to the data provided by the Turkish Statistical Institute (TUIK), in December 2011 Turkey's steel scrap imports rose by 10.5 percent over November and were down 4.1 percent compared to the same month of 2010, amounting to 2.1 million metric tons.

According to the data released by TUIK, in December last year the average import price of Turkey's steel scrap stood at $431/mt, decreasing by $25/mt compared to the previous month but up $43/mt compared to December 2010.

Meanwhile, in the whole year of 2011 Turkey's scrap imports amounted to 21.46 million mt, increasing by 11.8 percent compared to 2010.

In 2011, the US was Turkey's top scrap import source with 5.8 million mt, up 36 percent, while Russia followed the US with its scrap exports to Turkey amounting to 2.33 million mt, up 51 percent, both compared to 2010. In 2011, Romania exported 2.13 million mt of steel scrap to Turkey, decreasing 4.9 percent, while the UK's scrap exports to Turkey amounted to 1.96 million mt, up 21.3 percent, both compared to 2010.

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