In February this year, Turkey's scrap import volume decreased by 49 percent year on year to 945,291 metric tons and was down 23.7 percent compared to January, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $280 million, down 55.4 percent year on year and falling by 31.7 percent month on month.
In the January-February period, Turkey's scrap imports amounted to 2.18 million mt, down 38.4 percent, while the value of these imports decreased by 40.9 percent to $690.4 million, both year on year.
In the given period, Turkey imported 399,694 mt of scrap from the US, down 39.14 percent year on year, with the US ranking as Turkey's leading scrap import source, ahead of the Netherlands which supplied 307,720 mt in the given period, down 20.75 percent year on year.
Turkey's top 10 scrap import sources in the January-February period are as follows:
Country |
Amount (mt) |
|
|
|
|
|
|
Jan-Feb 2019 |
Jan-Feb 2018 |
Y-o-y change (%) |
Feb 2019 |
Feb 2018 |
Y-o-y change (%) |
USA |
399,694 |
656,694 |
-39.14 |
185,295 |
270,344 |
-31.46 |
Netherlands |
307,720 |
388,300 |
-20.75 |
115,674 |
259,284 |
-55.39 |
Russia |
290,047 |
356,949 |
-18.74 |
108,324 |
143,855 |
-24.70 |
Germany |
198,540 |
77,730 |
155.42 |
42,649 |
48,146 |
-11.42 |
UK |
197,140 |
509,897 |
-61.34 |
- |
306,151 |
- |
Belgium |
133,991 |
321,944 |
-58.38 |
33,753 |
218,250 |
-84.53 |
Romania |
107,188 |
92,675 |
15.66 |
46,317 |
41,539 |
11.50 |
Denmark |
105,531 |
150,857 |
-30.05 |
44,874 |
123,046 |
-63.53 |
France |
80,483 |
112,199 |
-28.27 |
13,634 |
87,201 |
-84.36 |
Libya |
58,099 |
74 |
- |
31,712 |
74 |
- |
Turkey's main scrap sources on country basis in the given period are presented below: