CIB: Turkey’s steel exports up 2.4 percent in January-July

Tuesday, 07 August 2018 15:35:55 (GMT+3)   |   Istanbul
       

In the January-July period of the current year, Turkey's steel exports increased by 2.4 percent year on year to 11.1 million mt, while the value of these exports totaled $8.4 billion, up 26.7 percent on year-on-year basis, according to the data released by the Turkish Steel Exporters' Association (CIB). 

In the first seven months of this year, export volumes of hot rolled flat steel products showed the highest year-on-year increases, followed by steel sections and alloyed flat steel products. In the given period, steel exports to Algeria increased significantly in terms of volume.

CIB chairman Adnan Aslan stated that in the January-July period this year rebar showed the biggest decline in steel exports, mainly due to the unfair trade cases opened against Turkey. According to Mr. Aslan, in addition to the US and Egypt, both of which implement unfair trade measures against Turkey, rebar exports to the United Arab Emirates (UAE) declined in the same period because of the rise in import duties in the region aiming to protect the local producers. Mr. Aslan also stated that rebar exports to Singapore and Hong Kong continued in the January-July period this year, though the year-on-year growth rate of these exports decreased compared to the same period last year.


Similar articles

Vietnam’s Hoa Phat posts 7.0 percent decrease in sales for 2023

09 Jan | Steel News

Vietnam’s Hoa Phat posts higher construction steel sales amid rising consumption

08 Dec | Steel News

Vietnam’s Hoa Phat posts higher HRC sales in October amid better demand

07 Nov | Steel News

Vietnam’s Hoa Phat achieves highest construction steel sales this year in Sept

06 Oct | Steel News

Vietnam’s Hoa Phat’s steel sales fall in Jan-Aug

12 Sep | Steel News

UK initiates safeguard extension review for 15 steel product categories

06 Sep | Steel News

Vietnam’s Hoa Phat’s steel output and sales rise in July from June

09 Aug | Steel News

Vietnam’s Hoa Phat’s steel output and sales fall in H1

07 Jul | Steel News

Vietnam’s Hoa Phat’s steel sales fall in May

06 Jun | Steel News

Vietnam’s Hoa Phat Group posts lower net profit and sales revenue for Q1

28 Apr | Steel News