In July this year, Turkey’s steel imports increased by 15.7 percent to 1.62 million mt, year on year, as announced by the Turkish Steel Producers' Association (TCUD).
In the month of July, Turkey’s semi-finished steel imports decreased by 4.3 percent to 489,000 mt, while Turkey’s flat steel imports rose by 33 percent to 881,000 mt, both compared to the same month of the previous year. In July, total long steel product imports were down by 0.3 percent to 156,000 mt, year on year.
In July, Turkey's steel export volume was equivalent to 84 percent of its steel import volume, compared to 88 percent in the same month of 2016.
In the first seven months of this year, Turkey's steel imports decreased by 18.1 percent to 9.2 million mt, year on year, in spite of the rise in July’s figure.
In the January-July period of this year, Turkey’s semi-finished imports fell by 34 percent to 2.7 million mt, while Turkey’s flat steel imports decreased by 6.7 percent to 5.03 million mt, both year on year.
In the given period, Turkey's steel export volume was equivalent to 114 percent of its steel import volume, compared to 91 percent in the same period of 2016.