Steel exports from Turkey fell by 17%

Steel exports from Turkey fell by 16.6% in the first six months of this year, according to the latest data released by the Turkish Ministry of Commerce. This is when compared with the same period a year earlier. In January-June, exports amounted to $ 5.9 billion. This product accounted for approximately 8% of the country’s total exports during the first six months of this year.

Monthly export data show that the country exported more than $ 1.1 billion worth of steel to overseas markets in June 2020. Exports grew by 28.6% compared to June 2019. Steel exports accounted for 8.4% of total exports reported by Turkey during the month. The country’s total steel exports amounted to $ 12.6 billion over the past twelve months.

Meanwhile, the official statistics of the Turkish government notes that in June this year, the country imported 1.53 million tons of scrap. Imports increased by one third compared to the previous month. The main supplier of scrap to Turkey was the United States, the volume of supplies of which amounted to 293 thousand tons. The other two main sources of imports were Russia and the Netherlands, with scrap shipments of 237,000 tonnes and 189,000 tonnes respectively.

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