Turkey’s HRC exports down 35.4 percent in Q1

Thursday, 14 May 2020 18:20:58 (GMT+3)   |   Istanbul
       

In March this year, Turkey's total hot rolled coil (HRC) exports decreased by 30.5 percent to 146,719 metric tons compared to February and were down 54.2 percent year on year, according to the data provided by the Turkish Statistical Institute (TUIK). These exports had a value of $72.53 million, down 26.2 percent month on month, while declining by 56.3 percent compared to the same month of 2019.

In the January-March period of this year, Turkey's HRC exports amounted to 626,040 mt, down 35.4 percent, while the value of these exports decreased by 44.4 percent to $287.58 million, both compared to the same period of the previous year.
 
In the first three months this year, Italy ranked first among Turkey's HRC export destinations, with its HRC imports from Turkey amounting to 286,667 mt, down 26.2 percent, followed by Egypt which received 102,838 mt of HRC from Turkey in the given period.
 
Turkey's top HRC export destinations in the January-March period are as follows:

Country

Amount (mt)

 

 

 

 

 

 

January- March 2020

January- March 2019

Y-o-y change (%)

March 2020

March 2019

Y-o-y change (%)

Italy

286,667

388,274

-26.17

66,632

97,787

-31.86

Egypt

102,838

29,621

247.18

16,705

20,351

-17.92

Spain

100,862

175,310

-42.47

28,412

73,799

-61.50

Portugal

25,060

58,958

-57.50

5,149

-

-

Greece

21,197

40,841

-48.10

8,002

15,218

-47.42

Bulgaria

17,847

71,190

-74.93

1,902

17,513

-89.14

France

10,896

7,840

38.98

7,955

4,367

82.16

Belgium

8,917

56,682

-84.27

3,943

28,618

-86.22

Iraq

8,839

4,076

116.85

2,002

1,374

45.71

Algeria

8,269

15,561

-46.86

-

803

-


Turkey's main HRC export destinations in the January-March period are as follows:


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