In May this year, Turkey's scrap import volume increased by 4.2 percent year on year and by 19.0 percent month on month to 1.80 million metric tons, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $745.47 million, down 4.3 percent year on year and up by 12.7 percent month on month.
In the January-May period, Turkey's scrap imports amounted to 8.63 million mt, up 2.9 percent, while the value of these imports increased by 4.7 percent to $3.70 billion, both year on year.
In the given period, Turkey imported 1.77 million mt of scrap from the US, up 1.4 percent year on year, with the US ranking as Turkey's leading scrap import source, ahead of the Netherlands which supplied 1,224,361 mt in the given period, up 24.8 year on year and the UK which supplied 981,198 mt of scrap, up 38.2 percent year on year.
Turkey's top 10 scrap import sources in the January-May period are as follows:
Country |
Amount (mt) |
|
|
|
|
|
|
January-May 2023 |
January-May 2024 |
Y-o-y change (%) |
May 2023 |
May 2024 |
Y-o-y change (%) |
US |
1,743,683 |
1,768,778 |
1.4 |
485,784 |
395,013 |
-18.7 |
Netherlands |
981,413 |
1,224,361 |
24.8 |
122,072 |
226,347 |
85.4 |
United Kingdom |
710,077 |
981,198 |
38.2 |
83,935 |
252,206 |
200.5 |
Belgium |
815,613 |
558,819 |
-31.5 |
114,596 |
79,390 |
-30.7 |
Denmark |
387,567 |
450,600 |
16.3 |
25,927 |
90,946 |
250.8 |
Lithuania |
344,881 |
409,120 |
18.6 |
66,063 |
63,767 |
-3.5 |
Romania |
423,036 |
371,286 |
-12.2 |
57,467 |
63,231 |
10.0 |
Germany |
364,450 |
312,879 |
-14.2 |
110,366 |
103,442 |
-6.3 |
France |
271,661 |
289,126 |
6.4 |
65,771 |
45,844 |
-30.3 |
Venezuela |
261,650 |
247,387 |
-5.5 |
61,830 |
77,026 |
24.6 |
Turkey's main scrap import sources on country basis in the January-May period this year are presented below:
