In February this year, Turkey's total hot rolled coil (HRC) exports decreased by 54.5 percent year on year to 53,467 metric tons, while falling 35.6 percent compared to the previous month, according to the data provided by the Turkish Statistical Institute (TUIK). These exports had a value of $28.4 million, declining by 59.4 percent year on year and down 38.8 percent compared to January.
In the first two months of the current year, Turkish hot rolled coil exports amounted to 136,453 mt, down 32.1 percent, while the value of these exports decreased by 37.2 percent to $74.71 million, both year on year.
In the January-February period, the US ranked first among Turkey's HRC export destinations, increasing its HRC imports from Turkey by 87.32 percent year on year to 90,248 mt, while the US was followed by Algeria which received 8,307 mt of HRC from Turkey in the given period.
Turkey's top HRC export destinations in January-February 2015 are as follows:
Country | Amount (mt) | |||||
January-February 2015 | January-February 2014 | Y-o-y change (%) | February 2015 | February 2014 | Y-o-y change (%) | |
US | 90,248 | 36,452 | 87.32 | 35,861 | 27,941 | 28.35 |
Algeria | 8,307 | - | - | - | - | - |
Libya | 8,180 | 405 | - | 3,161 | 330 | - |
Romania | 6,860 | 13,443 | -48.97 | 18 | 4,604 | -99.61 |
Greece | 5,361 | 11,441 | -53.14 | 2,748 | 4,479 | -38.65 |
Tunisia | 3,062 | 1,447 | 111.61 | 3,062 | - | - |
India | 2,600 | - | - | 2,600 | - | - |
Lebanon | 2,316 | 3,965 | -41.59 | - | 3,965 | - |
Italy | 2146 | 34,451 | -93.77 | - | 30,544 | - |
UK | 758 | - | - | 758 | - | - |
Turkey's main HRC export destinations in January-February 2015 are as follows:
