In March this year, Turkey’s cold rolled coil (CRC) imports amounted to 68,041 metric tons, up by 46.1 percent compared to February and down by 8.5 percent year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these imports totaled $52.45 million, increasing by 42.9 percent compared to the previous month and down by 7.9 percent year on year.
In the January-March period, Turkey's CRC imports amounted to 156,374 mt, down 22.1 percent, while the value of these imports fell by 19.3 percent to $123.09 million, both year on year.
In the given period, Turkey’s largest CRC import source was South Korea, which supplied 41,935 mt. South Korea was followed by Russia with 34,642 mt and China with 25,225 mt.
Turkey’s top 10 CRC import sources in the January-March period this year:
Country |
Amount (mt) |
|
|
|
|
|
|
January-March 2023 |
January-March 2024 |
Y-o-y change (%) |
March 2023 |
March 2024 |
Y-o-y change (%) |
South Korea |
93,186 |
41,935 |
-55.0 |
31,296 |
25,307 |
-19.1 |
Russia |
51,481 |
34,642 |
-32.7 |
18,015 |
16,311 |
-9.5 |
China |
13,392 |
25,225 |
88.4 |
5,066 |
9,547 |
88.5 |
Spain |
9,198 |
15,068 |
63.8 |
4,687 |
4,793 |
2.3 |
France |
4,081 |
9,144 |
124.1 |
2,583 |
2,199 |
-14.9 |
Netherlands |
5,958 |
8,988 |
50.9 |
3,612 |
3,811 |
5.5 |
Belgium |
8,757 |
7,952 |
-9.2 |
5,714 |
2,842 |
-50.3 |
Austria |
1,970 |
3,197 |
62.3 |
453 |
421 |
-7.1 |
United Kingdom |
1,452 |
2,890 |
99.0 |
380 |
700 |
84.2 |
Egypt |
2,771 |
2,340 |
-15.6 |
182 |
721 |
296.2 |
Turkey’s main CRC import sources on country basis in the January-March period this year are presented below:
