Trade Resources Industry Views Turkey's Rebar Exports Has a Slight Increase in May

Turkey's Rebar Exports Has a Slight Increase in May

According to the data provided by the Turkish Statistical Institute (TUIK), in May this year Turkey's rebar (including round bar) exports amounted to 749,927 metric tons, increasing by one percent year on year and up 3.3 percent from the previous month. Meanwhile, the revenue generated by these exports totaled $443 million, falling by 8.4 percent compared to May 2012 and up three percent from the previous month.

Turkey's Rebar Exports Increase Slightly in May

On the other hand, in the first five months of the current year Turkey's rebar exports stood at 3.5 million metric tons, down four percent year on year, while the total revenue of these exports amounted to $2 billion, decreasing by 11.7 percent as compared to January-May 2012.

In May this year, Turkey's rebar exports to the UAE decreased by 37 percent compared to April, constituting the second consecutive month of decrease on month-on-month basis. However, the country remained the second largest rebar export destination for Turkey in the first five months of the year, following Iraq which has steadily increased its rebar imports from Turkey since 2010.

Turkey's top 10 rebar export destinations in January-May 2013:

 

Country

Volume (mt)

Jan-May 2013

Jan-May 2012

May 2013

May 2012

Iraq

594,994

475,336

137,337

106,953

UAE

409,806

412,296

76,439

75,441

Yemen

315,596

213,223

98,334

45,923

Saudi Arabia

254,134

255,747

35,038

105,527

US

253,696

269,694

68,985

29,398

Israel

205,276

204,785

50,034

54,696

Libya

171,947

159,755

29,766

2,586

Peru

117,161

122,898

16,333

19,441

Canada

99,399

104,449

-

51,516

Ethiopia

88,286

154,685

16,350

24,559

Turkey's main rebar export destinations on country basis in the first five months of this year are presented in the chart below:

Turkey's Rebar Exports Increase Slightly in May_1

Source: http://www.steelorbis.com/steel-news/latest-news/turkeys-rebar-exports-increase-slightly-in-may-769045.htm
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Turkey's Rebar Exports Increase Slightly in May
Topics: Metallurgy