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Turkey’s scrap imports down 5.72 percent in Q1

Monday, 11 May 2015 11:41:40 (GMT+3)   |   Istanbul

In March this year, Turkey's scrap import volume decreased by 6.56 percent year on year and was down 8.58 percent month on month to 1.32 million metric tons, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $406.83 million, down 23.75 percent year on year and decreasing by 10.93 percent compared to the previous month.

In the first quarter of this year, Turkey's scrap imports amounted to 4.14 million mt, falling 5.72 percent, while the value of these imports decreased by 23.57 percent to $1.30 billion, both compared to the first quarter of 2014.
 
In the January-March period this year, Turkey imported 772,979 mt of scrap from the US, down 13.58 percent year on year, with the US ranking as Turkey's main scrap import source, ahead of Russia which supplied 703,828 mt in the given period, up 13.78 percent year on year.

Turkey's top 10 scrap import sources in the first quarter of this year are as follows:

Country Amount (mt)          
  January-March 2015 January-March 2014 Y-o-y change (%) March 2015 March 2014 Y-o-y change (%)
USA 772,979 894,466 -13.58 290,606 227,636 27.66
Russia 703,828 618,588 13.78 328,381 191,211 71.74
UK 603,251 465,404 29.62 40,147 166,399 -75.87
Netherlands 375,070 366,204 2.42 119,362 102,458 16.50
Belgium 345,295 408,178 -15.41 120,767 189,179 -36.16
Ukraine 263,035 123,354 113.24 102,387 51,020 100.68
Romania 188,785 316,835 -40.42 50,440 108,404 -53.47
Lithuania 128,268 37,886 238.56 23,791 21,034 13.11
Estonia 86,428 143,809 -39.90 25,679 52,324 -50.92
Denmark 78,272 102,578 -23.70 50,177 29,912 67.75

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


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