Turkey’s steel import volume down 53.2 percent in Q1

Thursday, 02 May 2019 16:23:43 (GMT+3)   |   Istanbul
       

In March this year, Turkey’s steel imports decreased by 42.7 percent to 879,200 mt, while the value of these imports moved down by 38.6 percent to $775.9 million, both year on year, as announced by the Turkish Steel Producers' Association (TCUD). 

In the month of March, Turkey’s semi-finished steel imports decreased by 67 percent to 213,000 mt, while its flat steel imports declined by 26 percent to 498,000 mt, both compared to the same month of the previous year. In March, total long steel product imports were down by 15 percent to 119,000 mt, year on year.

In March, Turkey's steel export volume was equivalent to 194.3 percent of its steel import volume, compared to 120 percent in the same month of 2018.

In the first quarter of this year, the country’s steel imports decreased by 53.2 percent to 2.7 million mt and the value of these imports went down by 32.8 percent to $2.3 billion, both on year-on-year basis.

In the January-March period of this year, Turkey’s semi-finished imports declined by 55 percent to 694,000 mt, while its flat steel imports decreased by 22.1 percent to 1.6 million mt, both year on year. In the same period, Turkey’s long steel imports totaled 283,000 mt, falling by 23.6 percent year on year.

In the given period, Turkey's steel export volume was equivalent to 183 percent of its steel import volume, as compared to 118 percent in the same period of 2018.


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