According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in March this year the value of Turkey's iron and steel imports decreased by 20.7 percent year on year, totaling $1.1 billion. In the given month, iron and steel ranked in fifth place among the most imported products of the country in terms of value. In the January-March period, the value of Turkey's iron and steel imports totaled $3.0 billion, decreasing by 25.3 percent compared to the same period of the previous year.
In March, the country's imports of articles of iron or steel, which ranked 15th among the products with the highest import value, amounted to $243.6 million, increasing by 10.6 percent year on year. In the first three months of this year, Turkey's imports of articles of iron or steel were up 31.3 percent to $843.2 million compared to the same period of 2015.