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Turkish wire rod exports down 40 percent in Jan from Dec

Tuesday, 07 February 2012 16:56:22 (GMT+2)

Tags: wire rod , longs , Turkey , USA , Brazil , Singapore , Middle East , North America , South America , Southeast Asia , imp/exp statistics , steelmaking , East Asia and Pacific , Non-EU Countries , Mediterranean | similar articles »

According to the statistics released by Turkey's Steel Exporters' Association (CIB), in January this year Turkey's total wire rod exports amounted to 80,451 metric tons, decreasing by 40 percent month on month and up 44.2 percent from January 2011.

Meanwhile, the revenue generated by Turkey's wire rod exports in January totaled $53.9 million, increasing by 44.3 percent year on year and down 40.85 percent compared to the previous month.

In January, Turkey's wire rod exports to the US decreased by half, while Turkish mills increased their focus on the Brazilian and Singaporean markets.

Turkey's top 10 wire rod export destinations in January 2012:

Country	Volume (mt)
Country	January 2011	January 2012
Brazil	257	12,205
Singapore	-	12,000
Libya	7,735	9,766
Israel	7,781	6,745
USA	11,680	6,005
Lebanon	-	5,000
Peru	-	5,000
Iraq	3,022	3,511
Italy	6,150	3,300
Jordan	2,520	3,280

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