In May this year, Turkey's cold rolled coil (CRC) imports decreased by 14.7 percent month on month to 42,808 mt, down 10.8 percent year on year, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports was $45.53 million, decreasing by 14.0 percent compared to April and up 7.9 percent year on year.
Meanwhile, in January-May period of this year, Turkey's CRC imports amounted to 253,702 metric tons, down 10.6 percent year on year, while the revenue generated by these imports totalled $265.0 million, increasing by 26.1 percent compared to the same period of 2021.
In the first five months of this year, Russia ranked first among Turkey's CRC import sources, supplying 115,561 mt, down 27.9 percent year on year. Meanwhile, in the given period, Turkey's CRC imports from South Korea totalled 41,988 mt.
Turkey's main CRC import sources in January-May are as follows:
Country |
Amount (mt) |
|
|
|
|
|
|
January-May 2022 |
January-May 2021 |
Change (%) |
May 2022 |
May 2021 |
Change (%) |
Russia |
115,561 |
160,173 |
-27.85 |
12,830 |
21,923 |
-41.48 |
South Korea |
41,988 |
27,607 |
52.09 |
16,173 |
12,349 |
30.97 |
China |
25,141 |
41,590 |
-39.55 |
1,661 |
3,939 |
-57.83 |
India |
16,389 |
- |
- |
475 |
- |
- |
Netherlands |
13,897 |
13,857 |
0.29 |
4,338 |
1,198 |
262.10 |
Kazakhstan |
9,038 |
- |
- |
3,397 |
- |
- |
Romania |
8,857 |
4,427 |
100.07 |
900 |
2,181 |
-58.73 |
Belgium |
6,131 |
7,853 |
-21.93 |
978 |
1,915 |
-48.93 |
France |
2,974 |
1,157 |
157.04 |
605 |
293 |
106.48 |
Germany |
2,203 |
1,427 |
54.38 |
204 |
327 |
-37.61 |
Turkey's CRC import sources in January-May can be seen in the graph below:
