Georgia’s scrap exports to Turkey continue to fall in H1

Wednesday, 25 July 2012 16:51:06 (GMT+3)   |  
       

In the first half of this year, Georgia's ferrous scrap exports to Turkey, the country's main trading partner, amounted to 57,492 metric tons, decreasing by 66.4 percent year on year, according to the data provided by the National Statistics Office of Georgia (Geostat).

The revenue generated by these exports fell to $21 million, down 66.3 percent from the year-ago figure, indicating that the country's average export price for ferrous scrap to Turkey in the period in question was $368/mt, up slightly from $367/mt in the corresponding period of 2011.

Meanwhile, in the given period Georgia's ferroalloy exports to Turkey increased 8.7 percent as compared to the January-June period of 2011, reaching 10,087 metric tons.


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