In August this year, Turkey’s steel imports decreased by 19.4 percent to 1.16 million mt, year on year, as announced by the Turkish Steel Producers' Association (TCUD).
In the month of August, Turkey’s semi-finished steel imports decreased by 52 percent to 237,000 mt, while Turkey’s flat steel imports rose by 3.6 percent to 737,000 mt, both compared to the same month of the previous year. In August, total long steel product imports were down by 25 percent to 108,000 mt, year on year.
In August, Turkey's steel export volume was equivalent to 111 percent of its steel import volume, compared to 106 percent in the same month of 2016.
In the first eight months of this year, Turkey's steel imports continued to decrease without losing momentum. In the given period, the country’s steel imports decreased by 18.3 percent to 10.3 million mt, year on year.
In the January-August period of this year, Turkey’s semi-finished imports fell by 35.5 percent to 2.9 million mt, while Turkey’s flat steel imports decreased by 5.5 percent to 5.8 million mt, both year on year.
In the given period, Turkey's steel export volume was equivalent to 114 percent of its steel import volume, compared to 93 percent in the same period of 2016.