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, 22nd 2018

Free Trial Buy Subscription
DEC 04
09:38

Turkey's steel imports soar, exports slip in October

10874 Views

Turkish steel product imports grew in year-on-year terms in October, while exports inched down, Kallanish learns from the Turkish Steel Producers' Association (TCUD).

October's steel imports totalled 1.66 million tonnes, up 32.8% y-o-y, after a 22.1% increase the month before. Flat steel procurement grew 37.3% y-o-y to 860,000t, longs imports rose 9.4% to 138,000t and semi product intake increased 30.7% to 543,000t, the association says in a statement.

Turkish steel exports in October slided -0.6% y-o-y to 1.41mt but their total value increased 22.8% to $1.14 billion. In September, the country's steel exports decreased by -14.3% y-o-y. October's flats exports fell -3.6% y-o-y to 286,000t and longs' shipments declined -10.8% to 724,000t as local producers focused on meeting domestic demand, TCUD explains. Semis exports grew notably to 61,000t from 14,000t a year earlier.

In January-October, Turkey's steel imports decreased -10.7% y-o-y to 13.5mt as semis intake declined -28.3% to 3.9mt and flats imports rose 2.4% to 7.5mt.

Ten-month steel exports from Turkey rose 7.3% y-o-y to 14.9mt and their total value grew 21.8% to $10.7 billion. Longs exports decreased -11.2% to 7.5mt, but flats shipments surged 47.6% to 3.5mt and semis exports soared 299% to 725,000t. Pipe exports rose 8.3% to 1.5mt.