Turkey's steel billet imports down 13.1 percent in July from June

Tuesday, 09 September 2014 11:34:25 (GMT+3)   |   Istanbul
       

In July this year, Turkey's billet and bloom import volume decreased by 11.94 percent year on year to 233,879 metric tons, and declined by 13.1 percent compared to the previous month, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $125.93 million, down 13.38 percent year on year and decreasing by 14.34 percent compared to the previous month.

Meanwhile, in the first seven months of this year Turkey imported 1.81 million mt of billet and bloom, up 2.38 percent, with a value of $978.67 million, decreasing by 1.47 percent, both year on year.

In the first seven months, Turkey imported 1.02 million mt of billet and bloom from Ukraine, 4.05 percent higher year on year, with Ukraine ranking first among Turkey's main billet and bloom import sources, ahead of Russia which supplied 590,985 mt in the given period, up 20.07 percent year on year. Meanwhile, in July this year Russia was the leading source for Turkey's billet and bloom imports, supplying 103,984 mt, up 28.94 percent year on year.
 
Turkey's top 10 billet and bloom import sources in January-July this year are as follows:

CountryAmount (mt)     
 January-July 2014January-July 2013Y-o-y change (%)July 2014July 2013Y-o-y change (%)
Ukraine1,018,651978,9714.0599,327154,315-35.63
Russia590,985492,20820.07103,98480,64728.94
Georgia47,32626,28480.063,8978,950-56.46
Albania40,55729,47337.615,4054,00035.13
Serbia36,99828,50129.81---
Belarus32,26391,600-64.7814,8106,032145.52
Bosnia-Herzegovina21,046-----
Germany6,31524,102-73.89064,222-78.54
Italy5,9536,701-11.16601,716-96.5
France5,7868,466-31.66602,437-97.54

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

 


Similar articles

Turkish official merchant bar export prices move sideways

29 Mar | Longs and Billet

Global View on Billet: Pessimism grows again due to weak China, slight hike attempts in Turkey

29 Mar | Longs and Billet

RINL floats export billet tender for 30,000 mt for early May shipment

29 Mar | Longs and Billet

No halt to downtrend in SE Asia’s import billet market, more traders going short

28 Mar | Longs and Billet

Ex-Asia billet offers become more affordable in Turkey, market slightly optimistic

27 Mar | Longs and Billet

Ex-India billet prices stable, but buyers try to push below $490/mt FOB

27 Mar | Longs and Billet

Ex-ASEAN billet sales continue at low prices, China turns negative again

26 Mar | Longs and Billet

Global View on Billet: Better sentiments, suppliers fail to achieve higher deal prices so far

22 Mar | Longs and Billet

Turkey’s Kardemir issues planned sales volumes for April-June

22 Mar | Steel News

Import billet prices in SE Asia hit new low, trend reversal anticipated

21 Mar | Longs and Billet