Slowdown in Turkey’s steel exports continues in September

Tuesday, 17 September 2013 15:43:55 (GMT+3)   |   Istanbul

The slowdown in Turkey's steel exports has continued in the first half of September, according to the figures provided by the Turkish Steel Exporters' Association (CIB).
 
In the first half of September (Sept 1-15), Turkey's steel exports declined by 16.8 percent in terms of volume to 608,000 metric tons, while a drop of 15.1 percent was witnessed in terms of value to $478 million, both year on year. In the period in question, Turkey's steel exports accounted for 8.3 percent of Turkey's total exports.

  September 1-15 January 1 - September 15
Product 2012 (mt) 2013 (mt) Change (%) Change (mt) 2012 (mt) 2013 (mt) Change
Pig iron 352 157 -55.30% -195 5,111 5,27 3.10%
Slab 5,172 6 -99.90% -5,166 21,36 305 -98.60%
Hot rolled flat steel 20,44 12,993 -36.40% -7,447 656,061 1,087,112 65.70%
Cold rolled flat steel 4,413 2,433 -44.90% -1,98 60,976 75,344 23.60%
Coated flat steel 29,346 18,943 -35.50% -10,404 471,275 458,429 -2.70%
Flat steel (others) 1,39 972 -30.10% -419 25,526 26,548 4.00%
Scrap 2,868 3,74 30.40% 873 67,702 67,389 -0.50%
Billet 112,831 56,792 -49.70% -56,039 2,241,584 1,356,825 -39.50%
Rebar 319,943 274,916 -14.10% -45,027 6,285,243 5,942,120 -5.50%
Wire rod 40,997 24,289 -40.80% -16,707 800,472 657,895 -17.80%
Sections 73,931 56,946 -23.00% -16,985 1,240,364 1,147,653 -7.50%
Pipes and tubing 68,242 92,39 35.40% 24,147 1,252,217 1,325,115 5.80%
Wire 4,988 7,5 50.30% 2,511 103,628 123,051 18.70%
Nail 998 1,385 38.80% 387 17,11 22,938 34.10%
Bolts and nuts 2,742 2,932 6.90% 189 47,771 50,253 5.20%
Steel rope and wire 2,499 2,929 17.20% 430 45,61 46,816 2.60%
Construction components 27,585 26,106 -5.40% -1,479 462,716 478,43 3.40%
Pipe fittings 549 632 15.00% 83 13,55 14,26 5.20%
Chains 191 226 18.90% 36 4,419 4,917 11.30%
Others 11,731 21,746 85.40% 10,015 270,987 339,067 25.10%
Total 731,209 608,033 -16.80% -123,176 14,093,681 13,229,737 -6.10%

In the meantime, in the current year up to and including September 15, Turkey's steel exports decreased by 6.1 percent in volume to 13.22 million mt and by 10.4 percent in terms of value to $9.99 billion. In the given period, the Turkish steel industry accounted for 10 percent of Turkey's total exports. The decline in Turkey's steel exports in this period is a result of the sharp drop seen in long steel product exports, despite the increase in flat steel exports.

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