Turkey’s steel import volume down 31 percent in January-February

Monday, 01 April 2019 15:56:08 (GMT+3)   |   Istanbul
       

In February this year, Turkey’s steel imports decreased by 30.6 percent to 853,000 mt, while the value of these imports moved down by 29.2 percent to $748 million, both year on year, as announced by the Turkish Steel Producers' Association (TCUD). 

In the month of February, Turkey’s semi-finished steel imports decreased by 49.7 percent to 205,500 mt, while its flat steel imports declined by 14.4 percent to 536,000 mt, both compared to the same month of the previous year. In February, total long steel product imports were down by 44.3 percent to 69,000 mt, year on year.

In February, Turkey's steel export volume was equivalent to 183 percent of its steel import volume, compared to 124 percent in the same month of 2018.

In the first two months of this year, the country’s steel imports decreased by 31 percent to 1.8 million mt and the value of these imports went down by 29.5 percent to $1.5 billion, both on year-on-year basis.

In the January-February period of this year, Turkey’s semi-finished imports declined by 46.5 percent to 480,000 mt, while its flat steel imports decreased by 20.2 percent to 1 million mt, both year on year. In the same period, Turkey’s long steel imports totaled 164,000 mt, falling by 29 percent year on year.

In the given period, Turkey's steel export volume was equivalent to 177 percent of its steel import volume, as compared to 117 percent in the same period of 2018.

 


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