Turkey’s scrap imports down 18.4 percent in January-November

Monday, 18 January 2016 12:30:04 (GMT+3)   |   Istanbul
       

In November last year, Turkey's scrap import volume decreased by 15 percent year on year to 1.3 million metric tons, up 13 percent compared to the previous month, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $283.3 million, down 50 percent year on year and rising by 6.5 percent compared to October.


 
In the first 11 months of last year, Turkey's scrap imports amounted to 14.5 million mt, falling 18.4 percent, while the value of these imports decreased by 41.2 percent to $3.95 billion, both compared to the same period of 2014.
 
In the January-November period last year, Turkey imported 3,389,802 mt of scrap from the US, down 9.17 percent year on year, with the US ranking as Turkey's leading scrap import source, ahead of Russia which supplied 2,258,658 mt in the given period, down 14.83 percent year on year.
 
Turkey's top 10 scrap import sources in the January-November period last year are as follows:

 

Country

Amount (mt)

     
 

January- November 2015

January- November 2014

Y-o-y change (%)

November 2015

November 2014

Y-o-y change (%)

USA

3,389,802

3,732,134

-9.17

432,169

478,632

-9.71

Russia

2,258,658

2,651,830

-14.83

190,480

187,009

1.86

UK

2,152,226

2,060,365

4.46

168,948

145,789

15.89

Belgium

1,158,433

1,330,567

-12.94

71,639

114,995

-37.70

Ukraine

1,113,516

782,248

42.35

48,581

62,603

-22.40

Netherlands

963,915

1,399,182

-31.11

139,582

52,670

165.01

Romania

515,007

1,218,435

-57.73

10,816

72,482

-85.08

Lithuania

358,794

365,347

-1.79

-

38,968

-

Denmark

327,843

613,321

-46.55

29,900

78,651

-61.98

Canada

317,116

225,258

40.78

158,604

-

-

Turkey's main scrap sources on country basis in the January-November period are presented below:


Similar articles

Import scrap prices in Bangladesh mostly stable in new deals

29 Mar | Scrap & Raw Materials

Local Italian scrap market still sluggish, prices stable

29 Mar | Scrap & Raw Materials

Mexican domestic scrap prices

28 Mar | Scrap & Raw Materials

Carbon and stainless scrap prices in Taiwanese domestic market - week 13, 2024

28 Mar | Scrap & Raw Materials

Turkey’s deep sea scrap prices stabilize at $385-390/mt CFR

28 Mar | Scrap & Raw Materials

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

US scrap market still expecting sideways pricing in April

27 Mar | Scrap & Raw Materials

Ex-US deep sea scrap prices to Turkey increase, ex-EU prices relatively stable

27 Mar | Scrap & Raw Materials

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Average local Chinese scrap prices rise amid tight supply after previous decreases

27 Mar | Scrap & Raw Materials