In the first 29 days of December this year, Turkey's steel export volume decreased by 6.8 percent year on year and by 4.8 percent month on month to 1.43 million metric tons, according to the Turkish Iron and Steel Producers' Association (TCUD). On the other hand, the value of these exports decreased by 7.1 percent year on year and 4.2 percent month on month to $1.09 billion. Steel exports accounted for a 9.1 percent share in Turkey's total exports in the given period.
In the first 29 days of December this year, Turkey's steel bar exports fell 10.2 percent to 681,000 metric tons, its steel section exports rose by 41 percent to 168,000 metric tons, while billet exports declined by 57.6 percent to 49,000, all on year-on-year basis.
Meanwhile, in the January 1- December 29 period this year, Turkey's steel exports fell 7.3 percent to 18.29 million metric tons and the revenue generated from these exports decreased by 10.6 percent to $13.90 billion, both year on year. The recorded decrease in Turkey's total steel exports was caused by strong decreases recorded in billet and long product exports, despite the increase in Turkey's flat steel product exports.
In the January 1- December 29 period this year, Turkey's billet exports decreased by 47.3 percent to 1.56 million metric tons, steel bar exports decreased by 3.6 percent to 8.47 million metric tons, steel section exports fell 1.8 percent to 1.64 million metric tons and wire rod exports declined by 13.9 percent to 919,000 metric tons, all on year-on-year basis. In given period, Turkey's hot rolled slat steel exports rose 40.5 percent to 1.45 million metric tons and its cold rolled flat steel exports rose 5.4 percent to 117,000 metric tons, year on year. The decreasing steel bar exports had a 46.3 percent share in Turkey's total steel exports.