Turkey's scrap imports up 23.8 percent in April over March

Thursday, 12 June 2014 12:25:50 (GMT+3)   |   Istanbul

In April this year, Turkey's steel scrap import volume increased by 23.8 percent month on month to 1.75 million metric tons, down 6.92 percent year on year, according to the data provided by the Turkish Statistical Institute (TUIK). The value of this import volume totaled $643.54 million, up 20.61 percent month on month and decreasing by 13.84 percent year on year.

Meanwhile, in the first four months of this year Turkey's steel scrap import volume decreased by 1.26 percent to 6.15 million mt, while the value of these imports totaled $2.35 billion, down five percent, both on year-on-year basis.

In the first four months, Turkey imported 1.31 million mt of steel scrap from the US, down 33.47 percent year on year, though the US remained first among Turkey's steel scrap import sources in the given period, ahead of Russia which exported 834,428 mt of steel scrap to Turkey, up 81.57 percent year on year. In April alone, Turkey's steel scrap imports from the US increased by 82.63 percent month on month and decreased by 19 percent year on year to 415,722 mt.  

On the other hand, according to the statistics released by the US International Trade Commission (US ITC), in the first four months Turkey's scrap imports from the US totaled 1.04 mt, down 38.82 percent year on year. Thus, there seems to be a difference between the TUIK and the US ITC data. The article, "US iron and steel scrap exports up 10.6% in Apr from Mar", written considering the US ITC data, is shown below:

http://www.steelorbis.com/steelnews/news/article.do?filename=832183

 

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

 

  Volume (mt)          
Country Jan-Apr. 2014 Jan-Apr. 2013 Y-o-y change (%) Apr. 2014 Apr. 2013 Y-o-y change (%)
US 1,310,188 1,969,396 -33.47 415,722 513,226 -19.00
Russia 834,428 459,561 81.57 215,84 129,183 67.08
UK 815,126 814,332 0.10 349,723 220,307 58.74
Belgium 525,684 279,055 88.38 117,507 53,842 118.24
Romania 438,096 758,466 -42.24 121,261 275,412 -55.97
Netherlands 426,765 240,975 77.10 60,563 127,268 -52.41
Denmark 195,006 168,98 15.40 92,428 56,23 64.37
Germany 189,801 75,745 150.58 45,263 33 -
Ukraine 171,307 33,486 411.58 47,953 11,23 327.01
Estonia 165,941 70,123 136.64 22,132 23,229 -4.72

 

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

 


Similar articles

Turkey's scrap imports from Russia up 71.3% in January-August

10 Oct | Steel News

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

17 Sep | Steel News

Turkey's scrap imports up 4.9 percent in H1

11 Aug | Steel News

Turkey's scrap imports up 5.5 percent in January-May

15 Jul | Steel News

Mexican ferrous scrap market convoluted as last purported price drops and first sign of increases converge this week

15 May | Scrap & Raw Materials

US flat steel price edges higher again, May scrap now adds to bullish fundamentals

15 May | Flats and Slab

Global View on Scrap: Turkey’s import prices move up, Asia remains stable

15 May | Scrap & Raw Materials

Import scrap prices in Taiwan remain stable, Japan still absent

15 May | Scrap & Raw Materials

Vietnam’s import scrap market gives mixed signals

15 May | Scrap & Raw Materials

Bangladesh’s import scrap market muted as mills retreat after April bookings

15 May | Scrap & Raw Materials

Marketplace Offers

Scrap
Tin foil
GERDAU CORSA
Scrap
Burr
GERDAU CORSA
Scrap
Industrial return
GERDAU CORSA