Turkey’s steel pipe exports pick up in October

According to the statistics released by the Istanbul Mineral and Metals Exporters' Association (IMMIB), in October Turkey's total steel pipe exports amounted to 138,317 metric tons, increasing by 9.52 percent year on year and up 46.23 percent month on month. Meanwhile, the revenue generated by these exports totaled $129.54 million, down 18.49 percent compared to the same month of the previous year, but up 47.24 percent over September this year.

In October, the average export price of Turkish steel pipe amounted to $937/mt, up $7/mt or 0.7 percent from September levels, and indicating a decrease of $321/mt or 25.57 percent from $1,258/mt in October 2008.

On the other hand, in the January-October period of the current year, Turkey's steel pipe exports slid 11.02 percent year on year to 1.3 million mt, totaling a value of $1.23 billion, down 26.56 percent compared to the corresponding period of the previous year.