According to the data provided by the Turkish Statistical Institute (TUIK), in October this year Turkey's steel scrap imports fell by 8.05 percent from September and were up three percent compared to the same month last year, amounting to 1.78 million metric tons.
The data show that, in the given period, the average import price of Turkey's steel scrap stood at $468/mt, remaining unchanged compared to the previous month but up $76/mt or 19.4 percent compared to October 2010.
In October, the US was Turkey's top scrap import source with 468,628 mt, down 36.4 percent, while Russia followed the US with its scrap exports to Turkey amounting to 270,134 mt, up 51.5 percent, both compared to September. In the given month, the UK exported 160,984 mt of steel scrap to Turkey, up 2.3 percent, while Belgium exported 160,348 mt to Turkey, up 39.6 percent, both compared to September this year.
Meanwhile, in the first 10 months of the year Turkey's scrap imports amounted to 17.43 million mt. In the January-October period, the US was Turkey's top scrap import source with 4.7 million mt, while Russia and Romania followed the US with 1.89 million mt and 1.85 million mt respectively.