In February this year, Turkey’s steel imports increased by 10.3 percent to 1.23 million mt, while the value of these imports moved up by 27.3 percent to $1.1 billion, both year on year, as announced by the Turkish Steel Producers' Association (TCUD).
In the month of February, Turkey’s semi-finished steel imports increased by 26.3 percent to 407,500 mt, while its flat steel imports rose by 1.4 percent to 626,200 mt, both compared to the same month of the previous year. In February, total long steel product imports were up by 15.2 percent to 123,300 mt, year on year.
In February, Turkey's steel export volume was equivalent to 124 percent of its steel import volume, compared to 130 percent in the same month of 2017.
In the first two months of this year, the country’s steel imports increased by 2.7 percent to 2.62 million mt and the value of these imports went up by 27.9 percent to $2.2 billion, both on year-on-year basis.
In the January-February period of this year, Turkey’s semi-finished imports rose by 2.5 percent to 898,000 mt, while its flat steel imports increased by 4.3 percent to 1.35 million mt, both year on year. In the same period, Turkey’s long steel imports totaled 230,400 mt, falling by 3.3 percent year on year.
In the given period, Turkey's steel export volume was equivalent to 118 percent of its steel import volume, remaining stable compared to the same period of 2017.