Turkey’s HR flat steel exports down 39.5% in Jan-Apr

Wednesday, 27 June 2012 17:51:53 (GMT+3)   |  
According to the data provided by the Turkish Statistical Institute (TUIK), in April this year Turkey's total hot rolled flat steel exports amounted to 140,545 metric tons, decreasing by 38 percent year on year and up 40.8 percent compared to the previous month. Meanwhile, the revenue generated by these exports totaled $96.4 million, falling by 44.6 percent compared to April 2011 and increasing by 36.9 percent over the previous month.

Turkey's hot rolled flat steel exports in the first four months of the current year totaled 405,062 mt, decreasing by 39.5 percent compared to the same period of 2011.

HR flat steel exports to Italy, which was the largest hot rolled flat steel export destination of Turkey in 2011 accounting for 44 percent of total Turkish HR flat steel exports, decreased by 83 percent in January-April of the current year compared to the same period of 2011.

On the other hand, in April Turkey's cold rolled flat steel exports stood at 10,786 metric tons, increasing by 15.1 percent compared to the same month of the previous year, but fell 21.9 percent in the first four months of the current year compared to January-April 2011, amounting to 34,665 metric tons.

Turkey's top 10 hot rolled flat steel export destinations in January-April 2012:

Country

Quantity (mt)

Jan-Apr 2012

 Jan-Apr 2011

Italy

62,266

 366,938

USA

52,968

 2,308

Romania

34,141

 29,690

Portugal

23,524

 11,660

UK

21,547

 8,048

Belgium

21,035

 30,138

Spain

18,931

 64,108

Nigeria

14,251

 8,363

Iraq

13,973

 4,862

Tunisia

12,760

 5,320


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