According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in the first five months of this year the value of Turkey's iron and steel imports decreased by 3.6 percent compared to the same period of 2013, totaling $7.35 billion. In the given period, the country's imports of articles of iron or steel amounted to $1.1 billion, down by 0.9 percent year on year.
Meanwhile, in May this year, the value of Turkey's iron and steel imports totaled $1.61 billion, increasing 10.1 percent year on year and up by 2.48 percent compared to April this year. In the given month, iron and steel ranked third place among the most imported products of the country in terms of value.
Meanwhile, in May the country's imports of articles of iron or steel, which ranked 20th among the products with the highest import value, were down 3.9 percent compared to May 2013, but increased by 3.3 percent month on month, amounting to $227.75 million.