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14. August 2011

Turkish scrap imports in June down by 2pct MoM

According to the data provided by the Turkish Statistical Institute, in June this year Turkey's steel scrap imports fell by 2.35% from May dropping to 1.7 million tonnes.

The data showed that in the given period, the average import price of Turkey's steel scrap stood at USD 421 per tonne. Meanwhile, in the H1 of the year Turkey's scrap imports amounted to 9.98 million tonnes up 13.63% compared to the same period last year. In the H1, the US was Turkey's top scrap import source with 2.4 million tonnes Romania and Russia followed the US with 1.2 million tonnes and 960,121 tonnes respectively.

In June, the US was Turkey's top scrap import source with 457,022 tonnes down 10% while Russia followed the US with its scrap exports to Turkey amounting to 219,487 tonnes down 3% both compared to May.

In the given period, the UK exported 150,993 tonnes of steel scrap to Turkey down 3.6%, Romania exported 230,214 tonnes to Turkey up 20.24%, Belgium exported 29,652 tonnes to Turkey down 56.7% while Turkey imported 94,699 tonnes of steel scrap from the Netherlands up 95.46%, 99,616 tonnes from Germany up 252.7% and 63,674 tonnes from Bulgaria up 90.8% all compared to May this year.


Sourced from SteelOrbis

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