Turkey’s pig iron imports down 23.4 percent in Q1

Tuesday, 21 May 2019 14:16:39 (GMT+3)   |   Istanbul
       

In March this year, Turkey's pig iron imports amounted to 102,891 mt, down 35 percent year on year and decreasing by 20.2 percent compared to February, according to the data provided by the Turkish Statistical Institute (TUIK). The total value of Turkey's pig iron imports in the given month decreased by 37.5 percent year on year to $37.4 million, down by 19.2 percent compared to the previous month.

Meanwhile, in the first three months of this year, Turkey's pig iron imports amounted to 325,191 metric tons, down 23.4 percent year on year, while the revenue generated by these imports totaled $119 million, decreasing by 25.7 percent compared to the same period of 2018.

In the first quarter of this year, Turkey imported 258,004 metric tons of pig iron from Russia, up 3.57 percent year on year. Russia ranked first among Turkey's pig iron import sources in the period in question, followed by Ukraine which supplied 49,736 mt, down 54 percent year on year.
 
Turkey's pig iron import sources in the given period are as follows:

Country

Amount (mt)

   

 

 

 

 

January-March 2019

January- March 2018

Change (%)

March 2019

March 2018

Change (%)

Russia

258,004

249,100

3.57

94,843

87,119

8.87

Ukraine

49,736

108,111

-54.00

7,950

25,840

-69.23

Germany

9,137

6,073

50.45

-

2,147

-

South Africa

8,000

9,000

-11.11

-

-

-


Turkey's pig iron sources in the January-March period of this year can be seen in the graph below:


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