According to the data provided by the Turkish Statistical Institute, in January this year Turkey's steel scrap imports fell by 29% from December last year and were down 11.5% compared to the same month of 2011 amounting to 1.5 million tonnes.
According to the data released by TUIK, in January the average price of Turkey's steel scrap imports stood at USD 433 per tonne increasing by USD 2 per tonne compared to the previous month and up USD 12 per tonne compared to January 2011.
In January, the US was Turkey's top scrap import source with 275,376 tonne down 55.7% while Russia followed the US with its scrap exports to Turkey amounting to 233,363 tonnes up 27.6% both compared to December 2011. In January, Romania exported 156,135 tonnes of steel scrap to Turkey decreasing 6.3% while the UK's scrap exports to Turkey amounted to 154,934 tonnes down 40.4% both compared to the previous month.
Sourced from Steel Orbis
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