Trade Resources Industry Views The Imports Volume of Turkey's Steel Scrap Falls by 18.25 Percent in H1

The Imports Volume of Turkey's Steel Scrap Falls by 18.25 Percent in H1

According to the data provided by the Turkish Statistical Institute (TUIK), in the first half of this year Turkey's steel scrap import volume saw a significant decline of 18.25 percent compared to the same period of the previous year, amounting to 9.3 million mt. In addition, the country's scrap imports in June fell 13.8 percent compared to June 2012, amounting to 1.7 million metric tons.

Turkey's Scrap Imports Down 18.25 Percent in H1

According to the data released by TUIK, Turkey's scrap import value was $652.5 million in June, up 24.2 percent compared to May this year and down 25.8 percent year on year. In June this year, the average price of Turkey's steel scrap imports stood at $383/mt, falling approximately $8/mt compared to the previous month and down strongly compared to the average of $444/mt recorded in the same month of 2012. Meanwhile, in the first half of the year Turkey's steel scrap imports amounted to a value of $3.6 billion, down 27 percent year on year.

In the first half of the current year, Turkey imported 4.7 million mt of steel scrap from the EU, decreasing 19 percent year on year, while scrap imports from the CIS totaled 1.1 million mt, decreasing by 29.5 percent year on year. Turkey imported 2.9 million mt of scrap from North America in the first half, falling 12.6 percent year on year. In the second quarter of this year, Turkey's scrap imports from North America declinined to the lowest level recorded since the first quarter of 2011, amounting to 1.3 million mt, down 33.8 percent compared to the same quarter of 2012 and down 20.9 percent from the previous quarter.

Turkey's main scrap sources on country basis in the first half of this year are presented in the chart below:

Turkey's Scrap Imports Down 18.25 Percent in H1_1

Turkey's top 10 steel scrap import sources in H1 2013 are as follows:

 

Country

Volume (mt)

H1 2013

H1 2012

June 2013

May 2013

US

2,693,146

3,159,717

510,937

212,811

UK

1,150,169

1,122,880

242,303

93,532

Romania

1,131,357

938,135

188,215

184,674

Russia

913,056

1,049,970

249,907

203,566

Netherlands

403,378

938,758

36,334

126,067

Bulgaria

348,156

375,950

36,330

62,561

Belgium

322,846

644,452

-

43,790

Germany

298,628

290,547

110,407

112,474

Denmark

254,955

186,552

59,283

26,692

Lebanon

230,419

159,780

46,540

37,295

TOTAL

9,272,730

11,227,331

1,705,747

1,342,230

 

Source: http://www.steelorbis.com/steel-news/latest-news/turkeys-scrap-imports-down-1825-percent-in-h1-775646.htm
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Turkey's Scrap Imports Down 18.25 Percent in H1
Topics: Metallurgy