Turkey’s rebar exports up 30.4 percent in Feb over Jan

Tuesday, 03 April 2012 15:27:10 (GMT+3)   |  
According to the data provided by the Turkish Statistical Institute (TUIK), in February this year Turkey's rebar (including round bar) exports amounted to 815,633 metric tons, increasing by 48.4 percent year on year and up 30.4 percent from the previous month. Meanwhile, the revenue generated by these exports totaled $521.25 million, rising by 57.2 percent compared to February 2011 and up 30.6 percent from the previous month.

On the other hand, in the first two months of the current year Turkey's rebar exports stood at 1.44 million metric tons, up 22.9 percent year on year, while the total revenue of these exports amounted to $920 million, increasing by 25.2 percent as compared to January-February 2011.

In the January-February period this year, Turkey's rebar exports to the US, the largest rebar export destination of Turkey, more than doubled, while rebar exports to the UAE decreased by 56.4 percent, both compared to the same period last year.

Turkey's top 10 rebar export destinations in February 2012:

Country

Volume (mt)

February 2012

February 2011

US

 118,735

32,710

Libya

 103,324

32,539

Iraq

 76,972

73,371

Saudi Arabia

 56,442

12,214

UAE

 52,566

173,830

Israel

 48,864

19,713

Singapore

 42,676

-

Egypt

 40,890

39,094

Ethiopia

 38,355

2,496

Nigeria

 29,316

2,962

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