According to the data provided by the Turkish Statistical Institute (TUIK), in March this year Turkey's steel billet and bloom exports amounted to 74,159 metric tons, decreasing by 51 percent year on year and down 63.3 percent compared to February this year. Meanwhile, in March the revenue generated by Turkey's steel billet exports totaled $46.4 million, decreasing 50.5 percent compared to March 2011 and down 63 percent month on month.
Meanwhile, in the first three months of 2012 Turkey's steel billet exports declined by 20.7 percent to 449,217 metric tons, while the revenue for these exports stood at $274 million, down by 18.3 percent, both compared to the same period of 2011.
In the first quarter of this year, Turkey more than doubled its steel billet exports to Saudi Arabia, while the country's steel billet exports to Iran decreased almost by 100 percent, both compared to the first three months of 2011.
Turkey's top 10 steel billet export destinations in Q1 2012:
Country | Quantity (mt) | |
Jan-Mar 2012 | Jan-Mar 2011 | |
Saudi Arabia | 302,260 | 125,452 |
UAE | 26,972 | 72,120 |
Egypt | 24,331 | 37,186 |
Morocco | 19,246 | 45,666 |
Colombia | 14,999 | - |
Israel | 14,830 | 14,994 |
Oman | 9,496 | - |
Tunisia | 8,259 | 4,950 |
Qatar | 7,400 | - |
5,556 | 106,065 | |