Turkey’s steel exports up 5.2 percent in Jan-Apr
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In April this year, Turkey's total steel product exports amounted to 1.64 million metric tons, with a total revenue of $1.33 billion, according to the Turkey's Steel Exporters' Association (CIB).
The Middle East was Turkey's largest destination for steel exports, receiving 1.85 million metric tons in April this year, while it was followed by the EU with 222,000 mt and Latin America with 163,000 mt. The most exported steel product in terms of volume was rebar amounting to 643,000 mt, followed by 263,000 mt of steel billet, 152,000 mt of steel pipe, 149,000 mt of flat steel products and 124,000 mt of section steel in the month in question. Compared to the same month of 2011, the largest increases in terms of export tonnage were seen in non-coated flat steel products with width less than 600 mm, in coated flat products, in pipe fittings, in steel billet and in chains.
Meanwhile, in the first four months of the current year Turkey's total steel product exports amounted to 6.6 million metric tons, up 5.2 percent compared to the same period last year. The revenue generated by these exports in January-April this year totaled $5.3 billion, increasing by 3.9 percent year on year.
In the first four months of the current year, the Middle East was Turkey's largest destination for steel exports, receiving 2.6 million metric tons. In the given period, Turkey's steel product exports to the EU amounted to 765,000 mt, while North America imported 686,000 mt of steel products from Turkey.
Compared to the same period last year, the largest steel export increases were recorded in exports to West Africa, non-EU countries and North America. In the first four months, exports of rebar, which ranks first among the country's exported steel products in terms of volume, amounted to 3.08 million mt, while Turkey exported 760,000 mt of steel billet, 610,000 mt of steel pipe, 586,000 mt of steel section and 415,000 mt of flat steel in the period in question. Compared to the same period of 2011, the largest increases in terms of export tonnage were seen in non-coated flat steel products with width less than 600 mm, in coated flat products, in chains, in construction parts and in steel bar.
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