Trade Resources Industry Views The Export Volume of Turkey's Rebar Falls by 5.95 Percent in H1

The Export Volume of Turkey's Rebar Falls by 5.95 Percent in H1

According to the data provided by the Turkish Statistical Institute (TUIK), in the second quarter of the current year Turkey's rebar (including round bar) exports increased 4.7 percent over the first quarter but declined 7.5 percent compared to the same period of the previous year, amounting to 2.1 million mt. In the first half this year, Turkey's rebar exports stood at 4.1 million metric tons, down 5.95 percent year on year, while the total revenue from these exports amounted to $2.4 billion, decreasing by 13.6 percent as compared to January-June 2012.

Turkey's Rebar Exports Down 5.95 Percent in H1

In June this year, Turkey's rebar exports to the Middle East decreased by 23.2 percent compared to May, and were down 11.5 percent year on year, amounting to 352,937 mt. However, in the second quarter of the year Turkey exported 1.2 million mt of rebar, increasing by 4.4 percent compared to the same period last year.

Turkey's top 10 rebar export destinations in the first half of 2013:

Country

Volume (mt)

H1 2013

H1 2012

June 2013

May 2013

Iraq

692,850

577,325

97,967

137,337

UAE

521,326

464,366

114,155

76,439

Yemen

341,023

238,335

28,050

98,334

Saudi Arabia

288,390

354,417

34,763

35,038

US

268,025

275,688

15,503

68,985

Israel

255,854

263,943

50,663

50,034

Libya

220,746

164,953

48,827

29,766

Peru

139,199

124,262

22,037

16,333

Ethiopia

116,530

186,863

28,243

16,350

Panama

100,881

83,607

32,120

24,133

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 Down 5.95 Percent in H1_1

Source: http://www.steelorbis.com/steel-news/latest-news/turkeys-rebar-exports-down-595-percent-in-h1-776207.htm
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Turkey's Rebar Exports Down 5.95 Percent in H1
Topics: Metallurgy