Turkey’s flat steel imports fall 18 percent in Q1

Friday, 04 May 2012 15:13:32 (GMT+3)   |  
       

According to the data provided by the Turkish Statistical Institute (TUIK), in March this year Turkey's flat steel imports, including hot rolled, cold rolled, coated and narrow strip steel, rose by 11 percent compared to the previous month and were down 35 percent compared to March 2011, decreasing to 353,269 metric tons. The value of these imports amounted to $266.5 million, increasing by 10.3 percent as compared to February this year and down 39.6 percent year on year.

Meanwhile, in the first quarter of the current year, Turkey's flat steel imports amounted to 1.1 million metric tons, decreasing 18 percent compared to the corresponding period of 2011.

In the first quarter of the current year, Turkey's hot rolled flat steel imports from Ukraine amounted to 178,849 metric tons, decreasing by 21.45 percent year on year. Turkey's second biggest source of hot rolled flat steel imports in January-March this year was Romania with 166,957 metric tons, up 24.5 percent compared to the first three months of 2011.

Product

 Import volume (mt)

 March 2012

 March 2011

 Jan-Mar 2012

 Jan-Mar 2011

Hot rolled flat steel

 228,948

 385,603

 719,233

 923,191

Cold rolled flat steel

 50,684

 60,809

 165,046

 142,554

Coated

 49,816

 76,159

 148,652

 208,407

Strip

 23,821

 20,564

 70,750

 71,743

Total

 353,269

 543,134

 1,103,681

 1,345,895


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