According to the data provided by the Turkish Statistical Institute (TUIK), in October this year Turkey's hot rolled coil (HRC) imports increased by 44 percent year on year to 438,797 metric tons, up 3.81 percent compared to September. The revenue from these imports amounted to $428.56 million, up 0.5 month on month and increasing by 197.8 percent compared to the same month of the previous year.
Meanwhile, in the first 10 months of this year, Turkey's HRC imports amounted to 4.1 million metric tons, up 40 percent year on year, while the revenue generated by these imports totaled $3.4 billion, increasing by 159.1 percent compared to the same period of 2020.
In the given period, Russia ranked first among Turkey's HRC import sources, with its HRC exports to Turkey amounting to 1.68 million mt, up 77 percent year on year, followed by Ukraine which shipped 886,093 mt of HRC to Turkey in the given period.
Turkey's top HRC import sources in January-October are as follows:
Country |
Amount (mt) |
|
|
|
|
|
|
January-October 2021 |
January-October 2020 |
Change (%) |
October 2021 |
October 2020 |
Change (%) |
Russia |
1,679,205 |
948,741 |
76.99 |
168,563 |
101,369 |
66.29 |
Ukraine |
886,093 |
494,175 |
79.31 |
94,503 |
68,855 |
37.25 |
India |
589,162 |
- |
- |
71,465 |
- |
- |
Japan |
362,319 |
283,533 |
27.79 |
25,183 |
59,455 |
-57.64 |
France |
209,860 |
392,309 |
-46.51 |
20,528 |
30,636 |
-32.99 |
China |
148,321 |
612 |
- |
34,833 |
- |
- |
Belgium |
50,257 |
71,278 |
-29.49 |
4,519 |
5,350 |
-15.53 |
South Korea |
32,997 |
138,503 |
-76.18 |
2,165 |
18,824 |
-88.50 |
S.Arabia |
29,963 |
- |
- |
- |
- |
- |
Brazil |
27,042 |
80,064 |
-66.22 |
13,337 |
- |
- |
Turkey's main HRC import sources in January-October are as follows:
