Turkey's scrap imports from US down 26% in January-July

Wednesday, 17 September 2014 12:11:43 (GMT+3)   |   Istanbul

In July this year, Turkey's steel scrap import volume decreased by 0.6 percent month on month to 1.75 million metric tons, up 1.03 percent year on year, according to the data provided by the Turkish Statistical Institute (TUIK). The value of this import volume totaled $653.16 million, down 0.4 percent month on month and increasing by 3.9 percent year on year.

Meanwhile, in the January-July period of this year Turkey's steel scrap import volume increased by 3.9 percent to 11.46 million mt, while the value of these imports totaled $4.34 billion, up 1.52 percent, both on year-on-year basis.

In the first seven months, Turkey imported 2.35 million mt of steel scrap from the US, down 25.9 percent year on year, though the US remained first among Turkey's steel scrap import sources in the given period, ahead of Russia which supplied 1.73 million mt of steel scrap to Turkey, up 65.3 percent year on year. In July alone, Turkey's steel scrap imports from the US decreased by 11.22 percent year on year to 425,754 mt.  

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

  Amount (mt)          
Country January-July 2014 January-July 2013 Y-o-y change (%) July 2014 July 2013 Y-o-y change (%)
US 2,350,969 3,172,558 -25.9 425,754 479,544 -11.22
Russia 1,732,768 1,048,135 65.32 315,505 135,08 133.57
UK 1,442,646 1,454,127 -0.79 162,233 303,96 -46.63
Belgium 856,901 517,472 65.59 86,668 194,627 -55.47
Romania 793,026 1,285,223 -38.3 104,624 153,867 -32
Netherlands 787,601 459,574 71.38 86,601 56,196 54.11
Ukraine 479,132 67,75 607.21 116,279 13,135 785.26
Germany 389,196 365,55 6.47 72,69 66,922 8.62
Denmark 370,791 285,773 29.75 102,827 30,82 233.64
Estonia 321,921 156,849 105.24 52,512 49,508 6.07

Turkey's main scrap sources on country basis in the first seven months of this year are presented below:

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