Turkey’s iron ore imports rise in 2014

Monday, 23 February 2015 15:09:03 (GMT+3)   |   Istanbul
       

In December 2014, Turkey's iron ore imports totaled 1.11 million metric tons, rising by 85.9 percent compared to November and up 19.9 percent year on year, according to the statistics provided by the Turkish Statistical Institute (TUIK). The value of these imports amounted to $122.4 million, up 89.7 percent month on month and decreasing by 9.9 percent year on year.

Meanwhile, in 2014, Turkey's iron ore imports increased by 9.7 percent to 8.9 million metric tons, while the value of these imports totaled $1.06 billion, down 8.6 percent, both on year-on-year basis.
 
In 2014, Turkey's iron ore imports from Brazil increased by 30.52 percent year on year to 3.6 million metric tons. Brazil was followed by Russia which supplied 1.73 million metric tons, up 54.58 percent, while Turkey's iron ore imports from Sweden in the given period amounted to 1.48 million metric tons, up 5.7 percent, both on year-on-year basis. Meanwhile, in December alone, Turkey's top iron ore source was Brazil with 448,449 metric tons.

Turkey's iron ore import sources in 2014 are as follows:

 

Country

Amount (mt)

     
 

2014

2013

Y-o-y change (%)

December 2014

December 2013

Y-o-y change (%)

Brazil

3,607,329

2,763,823

30.52

448,449

339,745

32.00

Russia

1,733,168

1,121,217

54.58

358,990

35,913

-

Sweden

1,484,191

1,404,174

5.70

165,265

160,131

3.21

Ukraine

1,126,082

1,892,153

-40.49

142,674

171,599

-16.86

Finland

344,664

388,391

-11.26

-

87,657

-

Canada

162,004

465,332

-65.19

-

135,170

-

Iran

43,711

-

-

-

-

-

UAE

42,804

-

-

-

-

-


Turkey's iron ore import sources in 2014 can be seen in the graph below:


Similar articles

Brazilian high-grade iron price increases

26 Apr | Scrap & Raw Materials

Daily iron ore prices CFR China - April 26, 2024

26 Apr | Scrap & Raw Materials

Major steel and raw material futures prices in China - Apr 26, 2024

26 Apr | Longs and Billet

Kumba Iron Ore’s output and sales down in Q1

26 Apr | Steel News

Net profit declines at Vale in Q1 2024

25 Apr | Steel News

Iron ore imports to Mexico grow 110 percent in February

25 Apr | Steel News

Iron ore prices edge up week on week, further movement awaited after May Day holiday

25 Apr | Scrap & Raw Materials

Major steel and raw material futures prices in China – Apr 25, 2024 

25 Apr | Longs and Billet

Fortescue posts record monthly iron ore shipments in March

25 Apr | Steel News

Daily iron ore prices CFR China - April 24, 2024

24 Apr | Scrap & Raw Materials