Turkish wire rod exports down 22.5 percent in August from July

Monday, 12 September 2011 11:05:56 (GMT+3)   |  
According to the statistics released by the Istanbul Mineral and Metals Exporters' Association (IMMIB), in August this year Turkey's total wire rod exports amounted to 91,978 metric tons, declining by 22.5 percent month on month and up 37.2 percent over August 2010. Turkey's wire rod exports in July this year had seen a 56 percent increase as compared to June.

Meanwhile, the revenue generated by Turkey's wire rod exports in July totaled $67.72 million, increasing by 80.2 percent year on year and down 21.2 percent compared to the previous month.

In August, the average export price of Turkish wire rod amounted to $736/mt, up $12/mt or 1.66 percent from July levels and indicating an increase of $175/mt or 31.2 percent compared to August 2010. 

Meanwhile, in the first eight months of 2011, Turkey's wire rod exports decreased by 2.7 percent, amounting to 811,727 metric tons, while the revenue of these exports totaled $576 million, up 20 percent, both compared to the corresponding period of 2010.

Turkey's top 10 wire rod export destinations in August 2011:

Country

Volume (mt)

 Italy

   16,021

 Kenya

   11,945

 Israel

     7,695

 Ivory Coast

     7,170

 Brazil

     5,727

 Spain

     5,000

 Lebanon

     4,500

 Ghana

     4,016

 Cameroon

     3,106

 Tunisia

     3,100


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