Trade Resources Industry Views The Value of Turkey's Iron and Steel Imports Decreased by 4.3 Percent

The Value of Turkey's Iron and Steel Imports Decreased by 4.3 Percent

According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in the first seven months of this year the value of Turkey's iron and steel imports decreased by 4.3 percent compared to the same period of 2013, totaling $10.33 billion. In the given period, the country's imports of articles of iron or steel amounted to $1.5 billion, down by 5.6 percent year on year. In the given period, iron and steel ranked third among the most imported products of the country in terms of value.

Meanwhile, in July this year, the value of Turkey's iron and steel imports totaled $1.45 billion, decreasing 10.6 percent year on year and down by 5.2 percent compared to June this year. In the given month, iron and steel ranked in third place among the most imported products of the country in terms of value.

Meanwhile, in July Turkey's imports of articles of iron or steel, which ranked 17th among the products with the highest import value, were down 25.6 percent compared to July 2013, and decreased by 4.3 percent month on month, amounting to $202.1 million.

Source: http://www.steelorbis.com/steel-news/latest-news/turkeys-steel-import-value-down-43-percent-in-january_july-843801.htm
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Turkey's Steel Import Value Down 4.3 Percent in January-July
Topics: Metallurgy