Turkey’s steel billet exports fall in October

Meanwhile, in the first 10 months of 2011 Turkey's steel billet exports declined by 33.7 percent, dropping to 1.97 million metric tons, while the revenue for these exports stood at $1.34 billion, down by 16.4 percent, both compared to the corresponding period of 2010.

In the period in question, Turkey's steel billet exports to Saudi Arabia decreased by 12.8 percent, while its steel billet exports to Egypt increased by 58.25 percent, both compared to the same period last year. Italy's steel imports from Turkey increased by 241.4 percent in January-October on year-on-year basis.

Turkey's top 10 steel billet export destinations in October 2011: