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:
