Trade Resources Industry Views The Export Value of Turkey's Billet Falls by 7.7 Percent in H1

The Export Value of Turkey's Billet Falls by 7.7 Percent in H1

According to the data provided by the Turkish Statistical Institute (TUIK), in the first half of the current year Turkey's steel billet exports amounted to 1.2 million mt, falling 7.7 percent compared to the same period of 2012, with a value of $655 million, down 17.2 percent year on year. Turkey's billet exports in the second quarter of the current year declined to their lowest level recorded since the second quarter of 2009, amounting to 441,345 mt, down by 41.3 percent from the first quarter of the year and down 47.7 percent year on year.

Turkey's Billet Exports Down 7.7 Percent in H1

In June this year, Turkey's steel billet exports amounted to 154,095 metric tons, remaining stable compared to the previous month and down 56.3 percent compared to the same month of 2012. The revenue generated by Turkey's steel billet exports in June totaled $82.4 million, decreasing 4.2 percent compared to May and down 61.4 year on year. According to the data released by TUIK, in June the average price of Turkey's steel billet exports stood at $535/mt, falling compared to the average of $556/mt recorded in May and $605/mt in June 2012.

Turkey's Billet Exports Down 7.7 Percent in H1_1

Turkey's main steel billet destinations on country basis in the first half of this year are presented in the chart below:

Turkey's top 10 steel billet export destinations in January-June 2013 are as follows:

 

Country

Volume (mt)

H1 2013

H1 2012

June 2013

May 2013

S. Arabia

502,535

850,813

54,000

67,285

Egypt

157,894

94,121

40,153

6,850

Morocco

108,083

50,085

-

23,140

Peru

86,596

25,928

-

3,299

Bangladesh

63,256

40,000

42,005

-

Thailand

54,995

-

-

-

Oman

41,009

25,096

-

-

Indonesia

29,111

-

-

-

UAE

28,723

26,974

-

2,618

Tunisia

25,797

8,259

-

6,000

TOTAL

1,192,251

1,291,852

154,083

154,066

 

Source: http://www.steelorbis.com/steel-news/latest-news/turkeys-billet-exports-down-77-percent-in-h1-776659.htm
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Turkey's Billet Exports Down 7.7 Percent in H1
Topics: Metallurgy