TCUD: Turkey's scrap import volume falls 13.6 percent in January-May

Tuesday, 02 July 2019 17:05:57 (GMT+3)   |   Istanbul
       

In the January-May period this year, Turkey's scrap import volume fell by 13.6 percent on year-on-year basis to 7.7 million metric tons, while these imports were valued at $2.5 billion with a 21 percent decrease compared to the same period in 2018, according to the Turkish Steel Producers' Association (TCUD).

In the given period, Turkey's scrap imports from EU countries decreased by five percent to 5.3 million mt, its scrap imports from the US declined by 19 percent to 1.4 million metric tons, while its scrap imports from CIS countries amounted to 842,000 mt, down 24 percent, all on year-on-year basis. In the same month, the share of the EU in Turkey's total scrap imports was 66 percent, the share of the US in Turkey's total scrap imports was 18 percent while CIS countries' share was 11 percent.


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