According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in May this year the value of Turkey's iron and steel imports increased by 39.1 percent year on year, totaling $1.95 billion. In the given month, iron and steel ranked in third place among the most imported products of the country in terms of value. In the January-May period of this year, the value of Turkey's iron and steel imports totaled $8.72 billion, increasing by 43.2 percent compared to the same period of the previous year.
In May, the country's imports of articles of iron or steel, which ranked 18th among the products with the highest import value, amounted to $230.5 million in value, falling by 4.8 percent year on year. In the January-May period of this year, the value of Turkey's imports of articles of iron or steel was up 8.8 percent to $1.24 billion compared to the same period of 2017.