Cookie & Privacy Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. View the privacy policy to find out more here.

Kallanish Kallanish

Knowledge matters Knowledge matters

August, 21st 2018

Free Trial Buy Subscription
MAY 16
11:32

Russia drives Turkey's March HR flats imports fall

2561 Views

Turkish hot-rolled (HR) flat steel imports declined in March, hit by a plunge in intake from Russia and Brazil, while procurement from some European destinations soared, Kallanish notes from the latest Turkish statistical data. 

March HR flats imports were down -19.6% on-year to 422,809 tonnes. The overall average value/tonne of these imports increased to $706/t from $562/t a year ago, according to calculations made using the Turkish Statistical Institute (TUIK) data.

Russia was Turkey's top HR flats supplier in March, despite the -57.2% y-o-y plunge in shipments to 117,042t. The Netherlands ranked second as its supplies surged to 50,097t from 4,382t a year earlier. Ukraine was third with a 47.2% growth in shipments to 39,487t and India followed with a jump in shipments to 34,746t from just 48t a year earlier.

Imports from Germany rose 14.5% y-o-y to 26,666t, while those from South Korea and Spain soared to 24,702t and 21,051t, respectively from 10,539t and 3,950t a year ago. Intake from Belgium also grew 47.1% to 12,032t and deliveries from Egypt stood at 9,448t, up 73.9% y-o-y. Imports from Italy declined -19.7% to 7,453t.

Shipments from Brazil slumped to just 9t in March from 38,253t a year earlier. Imports from China, Slovakia and the UK also plunged to 2,952t, 1,330t and 2.5t, respectively from 20,222t, 12,761t and 10,237t a year earlier.