Turkey’s billet imports down 48.4 percent in January-July

Friday, 07 September 2018 16:29:46 (GMT+3)   |   Istanbul
       

In July this year, Turkey's billet and bloom import volume increased by 4.1 percent month on month to 61,565 mt, down by 78.2 percent year on year, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $38.5 million, up 6.2 percent month on month and down 68.4 percent year on year.

In the January-July period of the current year, Turkey's billet import volume amounted to 736,114 mt, falling by 48.4 percent, while the value of these imports decreased by 29.6 percent to $421.2 million, both year on year.

In the given period, Turkey imported 317,883 mt of billet and bloom from Russia, down 30.08 percent year on year, with Russia ranking as Turkey's leading billet and bloom import source, ahead of Ukraine which supplied 210,669 mt in the given period.
 
Turkey's top billet and bloom import sources in the January-July period are as follows:

Country

Amount (mt)

 

 

 

 

 

 

Jan-Jul

2018

Jan-Jul

2017

Y-o-y change (%)

July 2017

July 2016

Y-o-y change (%)

Russia

317,883

454,621

-30.08

35,715

80,439

-55.60

Ukraine

210,669

572,243

-63.19

2,020

86,476

-97.66

Brazil

66,187

20,414

224.22

9,679

-

-

Belarus

30,510

66,534

-54.14

-

27,516

-

Georgia

28,606

43,045

-33.54

-

10,255

-

Italy

23,317

30,940

-24.64

10,236

14,662

-30.19

Egypt

20,616

-

-

-

-

-

Turkey's main billet and bloom sources on country basis in the January-July period are presented below:


Similar articles

Ex-Europe scrap prices in Turkey remain firm, market still mostly silent

18 Apr | Scrap & Raw Materials

China comes back from long holiday with mixed signals

19 Feb | Flats and Slab

SteelOrbis year-end review: Turkey’s import scrap market less volatile in 2023

29 Dec | Scrap & Raw Materials

Market assesses 12th EU sanctions package vs Russia as mainly toothless, but pig iron finally included

19 Dec | Steel News

EU sets quota for pig iron imports from Russia, extends slab import quota period

19 Dec | Steel News

Positive mood amid mixed fundamentals, property stimulus news boosts Chinese steel market

15 Nov | Longs and Billet

Russia officially imposes export duties for most steel and raw materials until end of 2024

21 Sep | Steel News

Iran announces small export duty hike for semis, raises duty on raw materials significantly

17 Jul | Steel News

Iran floats fresh billet and pellet tenders

06 Jul | Longs and Billet

Ex-Russia billet traded at discounted price to the Philippines, new deals to Taiwan too  

13 Feb | Longs and Billet