Turkey’s steel import value hits $1.58 billion in May
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According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in May this year Turkey's iron and steel imports totaled $1.58 billion, decreasing by seven percent year on year and up 2.18 percent over April, while imports of articles of iron or steel rose by 40.3 percent compared to May 2010 and were down 1.08 percent month on month, amounting to $224.61 million.
Meanwhile, in the first five months of 2011 the country's iron and steel imports stood at $7.93 billion, while its imports of articles of iron or steel amounted to $1.04 billion, increasing by 40.3 percent and up 46.8 percent respectively, both compared to the corresponding period of 2010.
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