Turkey’s steel import volume down 31 percent in Jan-Apr

Friday, 31 May 2019 17:08:07 (GMT+3)   |   Istanbul
       

In April this year, Turkey’s steel imports decreased by 20.4 percent to 1.2 million mt, while the value of these imports moved down by 36.4 percent to $965 million, both year on year, as announced by the Turkish Steel Producers' Association (TCUD). 

In the month of April, Turkey’s semi-finished steel imports decreased by 50 percent to 278,000 mt, while its flat steel imports increased by 5.3 percent to 798,000 mt, both compared to the same month of the previous year. In April, total long steel product imports were down by 15 percent to 117,000 mt, year on year.

In April, Turkey's steel export volume was equivalent to 148 percent of its steel import volume, compared to 99 percent in the same month of 2018.

In the first four months of this year, the country’s steel imports decreased by 31.2 percent to 3.9 million mt and the value of these imports went down by 31.1 percent to $3.3 billion, both on year-on-year basis.

In the January-April period of this year, Turkey’s semi-finished imports declined by 54 percent to 972,000 mt, while its flat steel imports decreased by 15 percent to 2.4 million mt, both year on year. In the same period, Turkey’s long steel imports totaled 399,500 mt, falling by 21.4 percent year on year.

In the given period, Turkey's steel export volume was equivalent to 172 percent of its steel import volume, as compared to 113 percent in the same period of 2018.


Most Recent Related Articles

US import HDG still holding steady

Some Izmir-based Turkish mills further reduce ship scrap purchase prices

CEBID: Turkish steel pipe output expected to increase in 2020

Japan's new ship export orders fall in 2019

Domestic rebar prices in Taiwan - week 4