According to the data provided by the Turkish Statistical Institute (TUIK), in July this year Turkey's hot rolled coil (HRC) imports increased by 20.8 percent year on year to 480,946 metric tons, up 40.2 percent compared to June. The revenue from these imports amounted to $463.73 million, up 63.2 month on month and increasing by 184.4 percent compared to the same month of the previous year.
Meanwhile, in the first seven months of this year, Turkey's HRC imports amounted to 2.88 million metric tons, up 44.4 percent year on year, while the revenue generated by these imports totaled $2.15 billion, increasing by 143.1 percent compared to the same period of 2020.
In the given period, Russia ranked first among Turkey's HRC import sources, with its HRC exports to Turkey amounting to 1.27 million mt, up 90.97 percent year on year, followed by Ukraine which shipped 655,399 mt of HRC to Turkey in the given period.
Turkey's top HRC import sources in January-July are as follows:
Country |
Amount (mt) |
|
|
|
|
|
|
January-July 2021 |
January-July 2020 |
Change (%) |
July 2021 |
July 2020 |
Change (%) |
Russia |
1,268,546 |
664,254 |
90.97 |
167,061 |
168,994 |
-1.14 |
Ukraine |
655,399 |
300,289 |
118.26 |
43,630 |
14,576 |
199.33 |
India |
317,692 |
- |
- |
119,835 |
- |
- |
Japan |
266,558 |
108,157 |
146.45 |
60,479 |
1,420 |
4159.08 |
France |
152,826 |
298,018 |
-48.72 |
18,413 |
71,801 |
-74.36 |
China |
50,207 |
- |
- |
27,086 |
- |
- |
Belgium |
32,103 |
55,578 |
-42.24 |
2,830 |
8,827 |
-67.94 |
South Korea |
23,469 |
70,901 |
-66.90 |
13,540 |
9,965 |
35.88 |
Romania |
19,597 |
51,260 |
-61.77 |
1,166 |
1,073 |
8.67 |
S. Arabia |
15,490 |
- |
- |
10,325 |
- |
- |
Turkey's main HRC import sources in January-July are as follows:
