In July this year, Turkey's scrap import volume decreased by 31 percent year on year to 1.06 million metric tons and was down 45.4 percent compared to the previous month, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $279 million, down 35.6 percent year on year and falling by 44.6 percent compared to June.
In the January-July period of this year, Turkey's scrap imports increased by 2.32 percent to 10.24 million mt, while the value of these imports decreased by 22.2 percent to $2.25 billion, both compared to the same period of the previous year.
In the first seven months of the current year, Turkey imported 1,979,514 mt of scrap from the US, down 10.13 percent year on year, with the US ranking as Turkey's leading scrap import source, ahead of Russia which supplied 1,606,809 mt in the given period, up five percent year on year.
Turkey's top 10 scrap import sources in the first seven months of the current year are as follows:
Country | Amount (mt) | |||||
Jan-Jul 2016 | Jan-Jul 2015 | Y-o-y change (%) | July 2016 | July 2015 | Y-o-y change (%) | |
USA | 1,979,514 | 2,202,755 | -10.13 | 83,142 | 442,921 | -81.23 |
Russia | 1,606,809 | 1,530,273 | 5.00 | 175,812 | 297,447 | -40.89 |
UK | 1,504,420 | 1,335,471 | 12.65 | 248,939 | 171,396 | 45.24 |
Netherlands | 1,337,611 | 719,629 | 85.88 | 85,543 | - | - |
Belgium | 1,141,978 | 835,031 | 36.76 | 142,779 | 54,892 | 160.11 |
France | 406,955 | 114,364 | 255.84 | 109,678 | - | - |
Romania | 281,796 | 423,831 | -33.51 | 33,704 | 51,586 | -34.66 |
Lithuania | 275,607 | 314,942 | -12.49 | 13,112 | 29,311 | -55.27 |
Denmark | 261,978 | 221,226 | 18.42 | 27,506 | 87,611 | -68.60 |
Ukraine | 244,366 | 827,355 | -70.46 | 16,343 | 151,822 | -89.24 |
Turkey's main scrap sources on country basis in the first seven months of the current year are presented below:
