In March this year, Turkey’s steel imports increased by 7.5 percent to 1.5 million mt, while the value of these imports moved up by 24 percent to $1.3 billion, both year on year, as announced by the Turkish Steel Producers' Association (TCUD).
In the month of March, Turkey’s semi-finished steel imports increased by 49 percent to 641,000 mt, while its flat steel imports fell by 13 percent to 671,000 mt, both compared to the same month of the previous year. In March, total long steel product imports were up by 16 percent to 140,000 mt, year on year.
In March, Turkey's steel export volume was equivalent to 121 percent of its steel import volume, compared to 129 percent in the same month of 2017.
In the first quarter of this year, the country’s steel imports increased by 4.4 percent to 4.2 million mt and the value of these imports went up by 26.3 percent to $3.5 billion, both on year-on-year basis.
In the January-March period of this year, Turkey’s semi-finished imports rose by 18 percent to 1.5 million mt, while its flat steel imports increased by 2.1 percent to two million mt, both year on year. In the same period, Turkey’s long steel imports totaled 370,000 mt, falling by 3.1 percent year on year.
In the given period, Turkey's steel export volume was equivalent to 119 percent of its steel import volume, compared to 122 percent in the same period of 2017.