In May this year, Turkey's total hot rolled coil (HRC) exports decreased by 12.2 percent year on year to 92,521 metric tons, while falling 50.8 percent compared to the previous month, according to the data provided by the Turkish Statistical Institute (TUIK). These exports had a value of $41.4 million, down 33 percent year on year and 50 percent compared to April.
In the first five months of the current year, Turkish hot rolled coil exports amounted to 536,935 mt, down two percent, while the value of these exports decreased by 21 percent to $251.4 million, both year on year.
In the January-May period, the US ranked first among Turkey's HRC export destinations, increasing its HRC imports from Turkey by 17.96 percent year on year to 169,898 mt, while the US was followed by Italy which received 80,579 mt of HRC from Turkey in the given period.
Turkey's top HRC export destinations in the January-May period of this year are as follows:
Country | Amount (mt) | |||||
January-May 2015 | January- May 2014 | Y-o-y change (%) | May 2015 | May 2014 | Y-o-y change (%) | |
USA | 169,898 | 144,025 | 17.96 | 13,079 | 62,344 | -79.02 |
Italy | 80,579 | 77,244 | 4.32 | - | 2,621 | - |
Portugal | 48,564 | 45,273 | 7.27 | 8,219 | - | - |
Romania | 34,247 | 26,959 | 27.03 | 8,988 | 6,252 | 43.76 |
UK | 26,151 | 4,090 | - | 19,976 | - | - |
Thailand | 22,690 | 24,906 | -8.90 | - | - | - |
Morocco | 20,989 | 28,324 | -25.90 | 14,956 | - | - |
Algeria | 19,356 | - | - | 1,925 | - | - |
Libya | 18,142 | 6,426 | 182.32 | 11,396 | 5,978 | 90.63 |
Tunisia | 14,990 | 6,911 | 116.90 | - | 1,134 | - |
Turkey's main HRC export destinations in January-May 2015 are as follows:
