You are here: Home > Steel News > Latest Steel News > Turkey’s...

Turkey’s billet imports down by 31.7 percent in January-May

Wednesday, 10 July 2024 11:28:25 (GMT+3)   |   Istanbul
       

In May this year, Turkey’s billet and bloom imports amounted to 155,291 metric tons, down by 43.7 percent compared to April and by 50.0 percent year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these imports totaled $90.25 million, decreasing by 41.9 percent compared to the previous month and by 54.4 percent year on year.

In the January-May period, Turkey's billet and bloom imports amounted to 1,159,343 mt, down 31.7 percent, while the value of these imports decreased by 34.1 percent to $667.63 million, both year on year.

In the given period, Turkey’s largest billet and bloom import source was Russia, which supplied 235,624 mt. Russia was followed by Algeria with 163,087 mt and Indonesia with 155,165 mt.

Turkey’s top 10 billet and bloom import sources in the January-May period this year:

Country

Amount (mt)

 

 

 

 

 

 

January-May 2023

January-May 2024

Y-o-y change (%)

May 2023

May 2024

Y-o-y change (%)

Russia

749,624

235,624

-68.6

161,993

30,007

-81.5

Algeria

347,213

163,087

-53.0

54,656

-

-

Indonesia

-

155,165

-

-

-

-

Malaysia

56,957

147,242

158.5

-

66,703

-

Saudi Arabia

-

106,319

-

-

-

-

Iran

68,884

48,482

-29.6

11,172

12,261

9.7

Ukraine

19,592

40,655

107.5

4,968

9,977

100.8

Azerbaijan

59,127

39,529

-33.1

16,975

9,627

-43.3

Pakistan

26,478

38,364

44.9

4,485

8,871

97.8

India

57,643

29,912

-48.1

-

-

-

Turkey’s main billet and bloom import sources on country basis in the January-May period this year are presented below:


Similar articles

Global View on Billet: Downtrend resumes, ex-China sales dominate in most markets

12 Jul | Longs and Billet

Turkey resumes ex-China billet purchases amid attractive prices

11 Jul | Longs and Billet

Billet buying gradually improves in SE Asia, following another price drop

11 Jul | Longs and Billet

Iranian semis output limited due to electricity shortage, exports rare

11 Jul | Longs and Billet

Turkish billet market still bearish, Russian exporters reduce offering

10 Jul | Longs and Billet

Ex-India billet trade halted by nervousness over China, local quotes falling

10 Jul | Longs and Billet

Taiwan buys sizable billet volumes from Russia and China amid lower prices

10 Jul | Longs and Billet

Billet prices post slight drop in Asia, driven by China, ASEAN mills less aggressive

09 Jul | Longs and Billet

Most local Chinese steel section prices soften slightly

08 Jul | Longs and Billet

Global View on Billet: Some suppliers attempt price increases, but success very limited

05 Jul | Longs and Billet