According to the data provided by the Turkish Statistical Institute (TUIK), in August this year Turkey's hot rolled coil (HRC) imports increased by 29.6 percent year on year to 343,194 metric tons, down 13.8 percent compared to July. The revenue from these imports amounted to $143.23 million, down 12.1 month on month and increasing by 3.4 percent compared to the same month of the previous year.
Meanwhile, in the first eight months of this year, Turkey's HRC imports amounted to 2.34 million metric tons, down 4.4 percent year on year, while the revenue generated by these imports totaled $1.03 billion, decreasing by 20.9 percent compared to the same period of 2019.
In the given period, Russia ranked first among Turkey's HRC import sources, with its HRC exports to Turkey amounting to 784,202 mt, down 22.7 percent year on year, followed by Ukraine which shipped 373,714 mt of HRC to Turkey in the given period.
Turkey's top HRC import sources in January-August are as follows:
Country |
Amount (mt) |
|
|
|
||
|
January-August 2020 |
January- August 2019 |
Change (%) |
August 2020 |
August 2019 |
Change (%) |
Russia |
784,202 |
1,014,222 |
-22.68 |
119,946 |
111,052 |
8.01 |
Ukraine |
373,714 |
319,945 |
16.81 |
73,423 |
46,839 |
56.76 |
France |
328,677 |
236,563 |
38.94 |
30,658 |
54,385 |
-43.63 |
Japan |
159,155 |
23,485 |
577.69 |
50,998 |
- |
- |
Netherlands |
148,746 |
161,859 |
-8.10 |
20,239 |
8,096 |
149.99 |
UK |
94,445 |
63,573 |
48.56 |
11,108 |
- |
- |
Brazil |
80,065 |
103,229 |
-22.44 |
6,398 |
- |
- |
S. Korea |
72,005 |
3,548 |
- |
1,104 |
265 |
316.60 |
Italy |
63,866 |
90,966 |
-29.79 |
4,845 |
6,537 |
-25.88 |
Belgium |
57,554 |
44,348 |
29.78 |
1,974 |
4,304 |
-54.14 |
Turkey's main HRC import sources in January-August are as follows: