According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in October this year the value of Turkey's iron and steel imports increased by 88.6 percent year on year, totaling $1.81 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 first ten months of this year, the value of Turkey's iron and steel imports totaled $13.55 billion, increasing by 29.2 percent compared to the same period of the previous year.
In October, the country's imports of articles of iron or steel, which ranked 14th among the products with the highest import value, amounted to $297.56 million in value, rising by 28.3 percent year on year. In the first ten months of this year, the value of Turkey's imports of articles of iron or steel was down 3.9 percent to $2.39 billion compared to the same period of 2016.