Trade Resources Industry Views Turkey's Total Hot Rolled Coil Exports Decreased by 24.34% in January-October

Turkey's Total Hot Rolled Coil Exports Decreased by 24.34% in January-October

In October this year, Turkey's total hot rolled coil (HRC) exports decreased by 24.34 percent year on year to 57,425 metric tons, while increasing by 36.06 percent compared to the previous month, according to the data provided by the Turkish Statistical Institute (TUIK). These exports had a value of $33.33 million, decreasing by 26.99 percent year on year and up by 37.25 percent compared to September.

Turkey's HRC Exports up 117 Percent in January-October

On the other hand, in January-October this year, Turkey's HRC export volume more than doubled, rising by 116.93 percent year on year to 1.11 million mt.

In the first 10 months of this year, Turkey's HRC exports to Italy rose almost tripled, while the country's HRC exports to Portugal increased almost sevenfold, both compared to the corresponding period of 2012. In the meantime, Turkey's HRC exports to Spain almost tripled on year-on-year basis.

Turkey's top 10 HRC export destinations in January-October of the current year are as follows:

 

Country

Amount (mt)

 

 

 

Jan-Oct.2013

Jan-Oct.2012

Oct. 2013

Oct. 2012

Italy

428,078

145,182

19,686

7,780

Portugal

190,941

27,754

17,992

1,571 

Spain

90,059

35,965

-

14,935

Thailand

66,115

-

-

-

Romania

57,160

67,049

4,179

9,573

USA

39,965

9,566

1,477

-

Greece

27,472

18,753

2,012

2,435

Libya

24,871

13,453

49

3,502

UK

23,638

26,730

1,686

-

Belgium

22,375

25,574

-

-

Turkey's main export destinations in the first 10 months this year are as follows:

Turkey's HRC Exports up 117 Percent in January-October_1

 

Source: http://www.steelorbis.com/steel-news/latest-news/turkeys-hrc-exports-up-117-percent-in-january_october-800636.htm
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Turkey's HRC Exports up 117 Percent in January-October
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