According to the preliminary data released by the Istanbul Mineral and Metals Exporters' Association (IMMIB), in May this year Turkey's total steel billet exports amounted to 209,613 metric tons, declining by 28.76 percent month on month and climbing by 117.03 percent compared to May 2009. Meanwhile, the revenue generated by these exports totaled $124.92 million, increasing by 258 percent compared to the same month of the previous year, and down 19.52 percent over April.
In May, the average export price of Turkish steel billet was $596/mt, up $68/mt or 12.97 percent from April levels, and indicating an increase of $234/mt or 65 percent compared to May 2009.
Turkey's top ten steel billet export destinations in May 2010:
Country |
Quantity (mt) |
Saudi Arabia |
99,900 |
UAE |
31,850 |
Morocco |
25,106 |
Libya |
18,808 |
Egypt |
12,850 |
UK |
9,648 |
Bahrain |
3,473 |
Russia |
3,000 |
Cameroon |
2,330 |
Indonesia |
2,156 |
On the other hand, in the first five months of 2010, Turkey's steel billet exports rocketed by 151.82 percent year on year to 1,163,786 mt, totaling a value of $579.61 million, up 221.68 percent compared to the corresponding period of the previous year.
