Trade Resources Industry Views Turkey's HRC Exports to Southern Europe in Jan-Sept up

Turkey's HRC Exports to Southern Europe in Jan-Sept up

In September this year, Turkey's total hot rolled coil (HRC) exports increased by 9.47 percent year on year to 42,205 metric tons, while decreasing by 22.72 percent compared to the previous month, according to the data provided by the Turkish Statistical Institute (TUIK). These exports had a value of $24.48 million, decreasing by 5.47 percent year on year and by 18.20 percent compared to August. On the other hand, in January-September this year, Turkey's HRC export volume rose by 1.42 percent year on year to 1.41 million mt.

Turkey's HRC Exports to Southern Europe Increase in Jan-Sept

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

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

 

Country Amount (mt)      
  Jan-Sept.2013 Jan-Sept.2012 Sept. 2013 Sept. 2012
Italy 408.389 137.430 5.663 2.618
Portugal 174.266 26.185 10.119  -
Spain 90.059 21.032 5.478  -
Thailand 66.115  -  -  -
Romania 53.429 57.477 2.835 9.587
USA 38.488 9.566  -  -
Greece 25.469 16.321 4.537 7.026
Libya 24.808 9.951 3.605 841
Belgium 22.375 25.493  - 1.952
UK 21.951 26.730  -  -

As SteelOrbis previously reported, the shutdown of major Italian flat steel producer Ilva's Taranto facility in July last year for environmental pollution reasons and the seizure of the facility's slab and steel stocks have been effective in the significant rise in Turkey's HRC export volume to southern Europe, as Ilva's steel production has not returned to normal levels yet. In addition, HRC orders from Italy to Turkey given in the last quarter of 2012 were delivered at the beginning of this year, thereby boosting the figure for Turkish HRC exports to Italy in the current year.

Source: http://www.steelorbis.com/steel-news/latest-news/turkeys-hrc-exports-to-southern-europe-increase-in-jan_sept-795500.htm
Contribute Copyright Policy
Turkey's HRC Exports to Southern Europe Increase in Jan-Sept
Topics: Metallurgy