In December last year, Turkey’s hot rolled coil (HRC) imports amounted to 186,759 metric tons, down by 33.6 percent compared to November and by 35.2 percent year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the value of these imports totaled $124.33 million, declining by 31.8 percent compared to November and by 33.1 percent year on year.
Meanwhile, in 2023, Turkey’s HRC imports amounted to 4.12 million mt, up by 5.6 percent compared to the previous year, while the value of these imports totaled $2.80 billion, decreasing by 15.2 percent year on year.
In the given year, Turkey’s largest hot rolled coil import source was China which shipped 1,547,265 mt to Turkey, up 187.8 percent year on year. China was followed by Russia with 609,585 mt, down 48.9 percent, and Japan with 601,841 mt, up 114.4 percent, both on year-on-year basis. In addition, HRC imports from South Korea increased about fourfold from the previous year.
Turkey’s top HRC import sources in 2023 are as follows:
Country |
Amount (mt) |
|
|
|
|
|
|
2023 |
2022 |
Change (%) |
December 2023 |
December 2022 |
Change (%) |
China |
1,547,265 |
537,601 |
+187.8 |
76,531 |
20,115 |
+280.5 |
Russia |
609,585 |
1,193,767 |
-48.9 |
12,297 |
94,250 |
-87.0 |
Japan |
601,841 |
280,691 |
+114.4 |
- |
23,586 |
- |
South Korea |
325,123 |
74,770 |
+334.8 |
16,108 |
16,006 |
+0.6 |
Egypt |
264,679 |
- |
- |
37,796 |
- |
- |
Taiwan |
173,911 |
- |
- |
- |
5,911 |
- |
France |
132,563 |
284,132 |
-53.3 |
7,272 |
13,533 |
-46.3 |
Indonesia |
98,276 |
41,010 |
+139.6 |
- |
29,814 |
- |
UK |
56,752 |
161,777 |
-64.9 |
1,418 |
30,800 |
-95.4 |
India |
53,381 |
599,108 |
-91.1 |
- |
29,883 |
- |
Turkey’s main HRC import sources in 2023 are as follows:
