Turkey’s flat steel imports fall five percent in H1

Monday, 13 August 2012 15:58:32 (GMT+3)   |  

According to the data provided by the Turkish Statistical Institute (TUIK), in June this year Turkey's flat steel imports, including hot rolled, cold rolled, coated and narrow strip steel, fell by 10.8 percent compared to the previous month and were up 12.8 percent compared to June 2011, totaling 450,792 metric tons. The value of these imports amounted to $344.5 million, decreasing by 8.8 percent as compared to May this year and up 13.4 percent year on year.

Meanwhile, in the first half of the current year Turkey's flat steel imports amounted to 2.43 million metric tons, decreasing five percent compared to the corresponding period of 2011.

In the first half of the current year, Turkey's hot rolled flat steel imports from Ukraine amounted to 570,375 metric tons, increasing by 11.2 percent year on year. Turkey's second biggest source of hot rolled flat steel imports in January-June this year was Russia with 415,739 metric tons, down 36.5 percent compared to the first half of 2011. Meanwhile, Turkey's hot rolled flat steel imports from the EU amounted to 883,036 mt in the first half, rising by 11.8 percent year on year.

 

Product

Import volume (mt)

June 2012

June 2011

H1 2012

H1 2011

Hot rolled flat steel

315,538

251,993

1,615,638

1,687,807

Cold rolled flat steel

50,299

45,202

325,331

286,213

Coated

51,616

72,845

322,717

421,045

Strip

33,339

29,576

169,466

166,362

Total

450,792

399,616

2,433,152

2,561,427


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