Turkey's CRC imports up 65.6 percent in Q1

Thursday, 21 May 2020 13:45:26 (GMT+3)   |   Istanbul
       

In March this year, Turkey's cold rolled coil (CRC) imports decreased by 1.36 percent month on month to 64,570 mt, up 17 percent year on year, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports was $33.85 million, increasing by 1.58 percent compared to February and up 4.02 percent year on year.

Meanwhile, in the January-March period of this year, Turkey's CRC imports amounted to 233,584 metric tons, up 65.6 percent year on year, while the revenue generated by these imports totalled $118.58 million, increasing by 31.7 percent compared to the same period of 2019.

In the first three months of this year, Russia ranked first among Turkey's CRC import sources, supplying 125,766 mt, up 43.9 percent year on year. Meanwhile, in the given period, Turkey's CRC imports from Belgium totalled 32,635 mt.

Turkey's main CRC import sources in the January-March period are as follows: 

Country

Amount (mt)

 

 

 

 

 

 

January- March 2020

January- March 2019

Change (%)

March 2020

March 2019

Change (%)

Russia

125,766

87,409

43.88

34,433

37,861

-9.05

Belgium

32,635

5,732

469.35

3,534

2,146

64.68

Romania

24,662

12,560

96.35

10,594

5,014

111.29

South Korea

19,732

1,834

-

10,940

777

-

Ukraine

8,467

2,423

249.44

670

1,691

-60.38

Netherlands

6,368

5,951

7.01

1,026

2,346

-56.27

Italy

4,894

77

-

700

20

-

China

4,335

6,995

-38.03

-

533

-

Austria

1,304

276

372.46

616

37

-

Germany

1,157

947

22.18

498

283

75.97

Turkey's CRC import sources in January-March can be seen in the graph below:


Most Recent Related Articles

Local Turkish flat steel spot prices decrease

Turkey's iron ore imports down 12.72 percent in January-April

Turkey’s HRC import volume down 17.5 percent in January-April

Local Turkish rebar spot prices adjusted

Turkey's CRC imports up 20.4 percent in January-April