Turkey's scrap imports up 46.96 percent in Sept over Aug

Thursday, 14 November 2013 15:46:43 (GMT+3)   |   Istanbul
       

In September this year, Turkey's steel scrap import volume increased by 20.36 percent year on year to 2,157,489 metric tons, up 46.96 percent compared to the previous month, according to the data provided by the Turkish Statistical Institute (TUIK). The value of this import volume totaled $797.23 million, up 12.22 percent year on year and increasing by 52.12 percent compared to the previous month.


In September of the current year, Turkey imported 520,041 mt of scrap steel from the US, up 40.93 percent month on month. The US remained first among Turkey's major steel scrap import sources with 4.06 million mt in the first nine months of the year, ahead of the UK and Romania.
 
On the other hand, in the January-September period this year, Turkey's steel scrap import volume decreased by 13.07 percent to 14.65 million mt, valued at $5.6 billion, down 22.9 percent, both year on year. As SteelOrbis has been informed by the Turkish Iron and Steel Producers' Association, Turkey's steel scrap import volume is expected to show a drop of 3 million mt this year compared to 2012, affected by the gradual increase in Turkey's domestic scrap generation.
 
Turkey's main scrap sources on country basis in the first nine months of this year are presented below:


 
Turkey's top 10 steel scrap import sources in January-September 2013 are as follows:

 

CountryVolume (mt)

Jan-Sept.
  2013

Jan-Sept. 2012

Sept. 2013

Sept. 2012

US4.061.5834.768.913520.041607.416
UK1.855.3821.677.633266.885107.366
Romania1.567.5541.415.624119.125167.420
Russia1.412.7841.780.408238.660252.473
Belgium821.968891.425206.69797.812
Netherlands738.3821.336.206135.036158.621
Germany494.658481.21181.73355.681
Bulgaria478.357498.02141.63536.057
Denmark378.216282.84563.646

-

Lebanon320.194265.07625.96537.013

Similar articles

HMS I/II 80:20 containerized scrap prices in New York

18 Mar | Scrap & Raw Materials

New York 5’ P&S containerized scrap prices

18 Mar | Scrap & Raw Materials

Turkey’s ex-US scrap prices fail to reach estimated levels, sellers push for higher prices

18 Mar | Scrap & Raw Materials

Shagang cuts its scrap purchase price by $7/mt on March 16

18 Mar | Scrap & Raw Materials

Mexican domestic scrap prices

15 Mar | Scrap & Raw Materials

Global View on Scrap: Turkish market seeks direction after slight increase, Asian prices fall to new low

15 Mar | Scrap & Raw Materials

Turkey’s import scrap market seeks price direction, sellers step back and buyers target discounts

15 Mar | Scrap & Raw Materials

Turkey’s domestic scrap prices follow diverse trends

15 Mar | Scrap & Raw Materials

Local Italian scrap market still declining

15 Mar | Scrap & Raw Materials

Import scrap prices mainly stable in occasional deals in Bangladesh

15 Mar | Scrap & Raw Materials