Turkish wire rod exports up 10 percent in 2011

Thursday, 05 January 2012 11:14:15 (GMT+3)   |  
According to the statistics released by the Steel Exporters' Association (CIB), in December 2011 Turkey's total wire rod exports amounted to 133,275 metric tons, increasing by 89.3 percent month on month and up 59 percent from December 2010. The revenue generated by Turkey's wire rod exports in December totaled $91.1 million, increasing by 83.2 percent year on year and up 79.45 percent compared to the previous month.

Meanwhile, in 2011, Turkey's wire rod exports increased by 10.1 percent, amounting to 1.25 million metric tons, while the revenue from these exports totaled $891.1 million, up 35.3 percent, both compared to 2010.

In 2011, Turkey's wire rod exports to the US decreased by 23.2 percent to 136,774 mt, while Turkish mills have also focused on the Latin American and Central African markets. Turkey's wire rod exports to Brazil and Kenya increased respectively by 35.37 percent and 969 percent, both on year-on-year basis.

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

Country

            Volume (mt)

        2010

        2011

 USA

     178,169

    136,775

 Brazil

     82,245

    111,335

 Kenya

     9,455

    101,048

 Italy

     90,462

      86,458

 Israel

     46,465

      81,841

 Ghana

     8,048

      70,457

 Senegal

     10,189

      63,161

 Singapore

     113,835

      44,932

 Tunisia

     16,069

      41,663

 Spain

     39,951

      41,419


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