In May this year, Turkey’s hot rolled coil (HRC) imports amounted to 587,071 metric tons, up by 71.5 percent compared to April and by 36.9 percent year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue of these imports totaled $414.60 million, rising by 71.4 percent compared to April and by 3.5 percent year on year.
Meanwhile, in the January-May period of this year, Turkey’s HRC imports amounted to 1.97 million mt, up by seven percent compared to the same period of last year, while the revenue of these imports totaled $1.31 billion, decreasing by 19.2 percent year on year.
Turkey’s top HRC import sources in the January-May period are as follows:
Country |
Amount (mt) |
|
|
|
|
|
|
January-May 2023 |
January-May 2022 |
Change (%) |
May 2023 |
May 2022 |
Change (%) |
China |
591,609 |
96,300 |
+514.3 |
344,116 |
96,298 |
+257.3 |
Russia |
450,638 |
326,888 |
+37.9 |
68,770 |
148,788 |
-53.8 |
Japan |
235,220 |
135,441 |
+73.7 |
65,968 |
23,841 |
+176.7 |
Taiwan |
144,126 |
- |
- |
22,615 |
- |
- |
South Korea |
122,905 |
14,860 |
+727.1 |
40,664 |
3,309 |
- |
Indonesia |
98,276 |
11,196 |
+777.8 |
- |
5,161 |
- |
Egypt |
60,967 |
- |
- |
- |
- |
- |
France |
51,181 |
131,038 |
+60.9 |
10,000 |
22,333 |
-55.2 |
Vietnam |
49,993 |
- |
-63.1 |
- |
- |
- |
UK |
46,157 |
122,120 |
-62.2 |
1,050 |
- |
- |
Turkey’s main HRC import sources in the January-May period are as follows:
