Turkey’s steel imports from China rise by 204 percent in April

Thursday, 02 June 2016 17:31:00 (GMT+3)   |   Istanbul
       

As stated by the Turkish Iron and Steel Producers' Association (TCUD), Turkey’s steel imports from China in the January-April period of this year rose by 48 percent on year-on-year basis to 989,000 mt. 
 
In the first four months of this year, Turkey’s billet imports from China increased more than tenfold compared to 50,000 mt recorded in the same period of last year to 564,000 mt. In the first four months this year, Turkey’s flat steel imports from China decreased by 58 percent to 172,000 mt, while its long steel imports from China were up by 29 percent to 109,000 mt, both on year-on-year basis.
 
In the January-April period of this year, billet, flat products, long products, and pipes and tubes constituted 57 percent, 17 percent, 11 percent and 10 percent of Turkey’s total steel imports from China, respectively.

In April alone, Turkey’s steel imports from China grew by a substantial 204 percent on year-on-year basis to 310,000 mt. While there was a rise in imports of all products in the given month, the biggest rise was observed in billet imports. In April last year, Turkey did not import any billet from China, whereas in April this year it imported 152,000 mt of billets from this source.

Similar articles

China comes back from long holiday with mixed signals

19 Feb | Flats and Slab

Iran’s steel exports up 9.1 percent in first 10 months of Iranian year

14 Feb | Steel News

Vietnam’s Hoa Phat posts 7.0 percent decrease in sales for 2023

09 Jan | Steel News

Vietnam’s Hoa Phat posts higher construction steel sales amid rising consumption

08 Dec | Steel News

Positive mood amid mixed fundamentals, property stimulus news boosts Chinese steel market

15 Nov | Longs and Billet

Vietnam’s Hoa Phat posts higher HRC sales in October amid better demand

07 Nov | Steel News

Vietnam’s Hoa Phat achieves highest construction steel sales this year in Sept

06 Oct | Steel News

Russia officially imposes export duties for most steel and raw materials until end of 2024

21 Sep | Steel News

Vietnam’s Hoa Phat’s steel sales fall in Jan-Aug

12 Sep | Steel News

Iran’s steel exports up 37 percent in Q1

15 Aug | Steel News