Turkey’s scrap imports up three percent in January-May

Friday, 15 July 2016 16:17:19 (GMT+3)   |   Istanbul
       

In May this year, Turkey's scrap import volume remained stable year on year at 1.7 million metric tons, up 24 percent compared to the previous month, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $388.66 million, down 15 percent year on year and rising by 46.3 percent compared to April.


 
In the January-May period of this year, Turkey's scrap imports increased by three percent to 7.23 million mt, while the value of these imports decreased by 29 percent to $1.47 billion, both compared to the same period of the previous year.
 
In the first five months, Turkey imported 1,335,846 mt of scrap from the US, down 8.92 percent year on year, with the US ranking as Turkey's leading scrap import source, ahead of Russia which supplied 1,208,295 mt in the given period, up 19.09 percent year on year.
 
Turkey's top 10 scrap import sources in the first five months of the current year are as follows:

 

Country

Amount (mt)

     
 

January-May 2016

January-May 2015

Y-o-y change (%)

May 2016

May 2015

Y-o-y change (%)

USA

1,335,846

1,466,719

-8.92

202,448

374,959

-46.01

Russia

1,208,295

1,014,613

19.09

393,630

238,999

64.70

UK

1,137,410

988,872

15.02

230,700

177,148

30.23

Netherlands

938,351

658,172

42.57

172,522

153,284

12.55

Belgium

771,469

627,919

22.86

201,116

178,996

12.36

France

230,356

99,715

131.01

81,553

33,469

143.67

Romania

217,876

296,880

-26.61

47,394

62,694

-24.40

Lithuania

213,610

261,381

-18.28

32,191

86,797

-62.91

Denmark

181,605

105,079

72.83

59,695

26,807

122.68

Ukraine

171,172

516,691

-66.87

89,729

107,613

-16.62

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


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