Turkey’s scrap imports up 2.6 percent in Q1

Wednesday, 10 May 2017 15:11:45 (GMT+3)   |   Istanbul
       

In March this year, Turkey's scrap import volume decreased by 6.2 percent year on year to 1.74 million metric tons and was up 75.4 percent compared to the previous month, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $474.5 million, up 29.4 percent year on year and up 74.6 percent compared to February.

In the first three months of the current year, Turkey's scrap import volume amounted to 4.26 million mt, rising by 2.6 percent, while the value of these imports increased by 38.4 percent to $1.13 billion, both year on year.

In the given period, Turkey imported 833,426 mt of scrap from the US, down 5.92 percent year on year, with the US ranking as Turkey's leading scrap import source, ahead of the UK which supplied 586,536 mt in the given period, down 23.74 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

2017

January-March

2016

Y-o-y change (%)

March 2017

March 2016

Y-o-y change (%)

USA

833,426

885,903

-5.92

447,344

365,113

22.52

UK

586,536

769,151

-23.74

260,563

513,593

-49.27

Netherlands

576,461

649,720

-11.28

195,177

291,940

-33.14

Belgium

554,798

359,233

54.44

184,098

82,351

123.55

Russia

331,775

569,134

-41.71

82,574

171,281

-51.79

Lithuania

226,769

115,178

96.89

104,825

39,429

165.86

Denmark

169,950

82,527

105.93

95,262

26,398

260.87

France

157,838

109,770

43.79

52,930

49,651

6.60

Germany

115,917

25,081

362.17

53,216

25,080

112.19

Libya

107,189

-

-

53,332

-

-

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


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