Turkey’s pig iron imports down 8.2 percent in 2020

Wednesday, 10 February 2021 14:52:34 (GMT+3)   |   Istanbul
       

In December last year, Turkey's pig iron imports amounted to 69,970 mt, down 62.4 percent year on year and increasing by 78.7 percent compared to November, 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 51.3 percent year on year to $29.22 million, up by 112.7 percent compared to the previous month.

Meanwhile, in 2020, Turkey's pig iron imports amounted to 1.13 million metric tons, down 8.2 percent year on year, while the revenue generated by these imports totaled $369.59 million, decreasing by 15.8 percent compared to 2019.

In 2020, Turkey imported 643,137 metric tons of pig iron from Russia, down 14.27 percent year on year. Russia ranked first among Turkey's pig iron import sources in the year in question, followed by Ukraine which supplied 271,510 mt, up 19.36 percent year on year.

Turkey's pig iron import sources in the given year are as follows:

Country

Amount (mt)

 

 

 

 

 

 

2020

2019

Change (%)

December 2020

December 2019

Change (%)

Russia

643,137

750,163

-14.27

45,015

86,369

-47.88

Ukraine

271,510

227,476

19.36

24,955

63,725

-60.84

Germany

88,828

36,983

140.19

-

5,889

-

Brazil

77,178

179,183

-56.93

-

22,498

-

Canada

24,665

-

-

-

-

-

South Africa

21,000

34,085

-38.39

-

7,100

-

Turkey's pig iron sources in 2020 can be seen in the graph below:


Similar articles

Ex-Russia BPI corrects up in line with general market mood, buyers still resist

03 May | Scrap & Raw Materials

Turkey’s Kardemir posts higher net profit for 2023, sales revenues drop

03 May | Steel News

Ex-Brazil BPI prices post expected slight increase in new deals to US

02 May | Scrap & Raw Materials

Roman Perepelytsia at IREPAS: Steel consumption in Ukraine approaches pre-war levels

29 Apr | Steel News

Global BPI market silent as sellers insist on previous higher offers, buyers retreat

26 Apr | Scrap & Raw Materials

German crude steel output increases by 6.0 percent in January-March

25 Apr | Steel News

Japanese crude steel output up 2.9 percent in March from February

23 Apr | Steel News

Ex-Russia BPI sellers fail to achieve higher prices, hike attempts continue

19 Apr | Scrap & Raw Materials

MMK’s crude steel output down 2.9 percent in Q1

19 Apr | Steel News

Brazilian BPI mills target higher export prices, impact of scrap eases as discussed at IIMA meeting

18 Apr | Scrap & Raw Materials