Trade Resources Industry Views Turkey's Steel Scrap Import up 46.96% Compared to The Previous Month

Turkey's Steel Scrap Import up 46.96% Compared to The Previous Month

In September this year, Turkey's steel scrap import volume increased by 20.36 percent year on year to 2,157,489 metric tons, up 46.96 percent compared to the previous month, according to the data provided by the Turkish Statistical Institute (TUIK). The value of this import volume totaled $797.23 million, up 12.22 percent year on year and increasing by 52.12 percent compared to the previous month.

Turkey's Scrap Imports up 46.96 Percent in Sept Over Aug

In September of the current year, Turkey imported 520,041 mt of scrap steel from the US, up 40.93 percent month on month. The US remained first among Turkey's major steel scrap import sources with 4.06 million mt in the first nine months of the year, ahead of the UK and Romania.

On the other hand, in the January-September period this year, Turkey's steel scrap import volume decreased by 13.07 percent to 14.65 million mt, valued at $5.6 billion, down 22.9 percent, both year on year. As SteelOrbis has been informed by the Turkish Iron and Steel Producers' Association, Turkey's steel scrap import volume is expected to show a drop of 3 million mt this year compared to 2012, affected by the gradual increase in Turkey's domestic scrap generation.

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

Turkey's Scrap Imports up 46.96 Percent in Sept Over Aug_1

Turkey's top 10 steel scrap import sources in January-September 2013 are as follows:

 

Country Volume (mt)

Jan-Sept.
  2013

Jan-Sept. 2012

Sept. 2013

Sept. 2012

US 4.061.583 4.768.913 520.041 607.416
UK 1.855.382 1.677.633 266.885 107.366
Romania 1.567.554 1.415.624 119.125 167.420
Russia 1.412.784 1.780.408 238.660 252.473
Belgium 821.968 891.425 206.697 97.812
Netherlands 738.382 1.336.206 135.036 158.621
Germany 494.658 481.211 81.733 55.681
Bulgaria 478.357 498.021 41.635 36.057
Denmark 378.216 282.845 63.646

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Lebanon 320.194 265.076 25.965 37.013

 

Source: http://www.steelorbis.com/steel-news/latest-news/turkeys-scrap-imports-up-4696-percent-in-sept-over-aug-795104.htm
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Turkey's Scrap Imports up 46.96 Percent in Sept Over Aug
Topics: Metallurgy