Turkey’s steel import volume down 19 percent in January-November

Friday, 03 January 2020 12:25:48 (GMT+3)   |   Istanbul
       

In November this year, Turkey’s steel imports increased by 13 percent to 1 million mt, while the value of these imports moved up by 3.5 percent to $868 million, both year on year, as announced by the Turkish Steel Producers' Association (TCUD). 

In the month of November, Turkey’s semi-finished steel imports rose by 33.3 percent to 213,000 mt, while its flat steel imports increased by 53 percent to 610,000 mt, both compared to the same month of the previous year. In November, total long steel product imports were up by 17.8 percent to 93,000 mt, year on year.

In November, Turkey's steel export volume was equivalent to 138 percent of its steel import volume, compared to 220 percent in the same month of 2018.

In the first eleven months of this year, the country’s steel imports decreased by 19 percent to 11.1 million mt and the value of these imports went down by 23.3 percent to $9.3 billion, both on year-on-year basis.

In the January-November period of this year, Turkey’s semi-finished imports declined by 37 percent to 2.8 million mt, while its flat steel imports decreased by 6.1 percent to 6.7 million mt, both year on year. In the same period, Turkey’s long steel imports totaled 975,000 mt, falling by 20.7 percent year on year.

In the given period, Turkey's steel export volume was equivalent to 159 percent of its steel import volume, as compared to 133 percent in the same period of 2018.


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