Turkish scrap imports in October down by 8pct MoM

Friday, 09 Dec 2011

According to the data provided by the Turkish Statistical Institute, in October this year Turkey's steel scrap imports fell by 8.05% from September and were up 3% compared to the same month last year amounting to 1.78 million tonnes.

The data show that, in the given period, the average import price of Turkey's steel scrap stood at USD 468 per tonne remaining unchanged compared to the previous month but up USD 76 per tonne or 19.4% compared to October 2010.

In October, the US was Turkey's top scrap import source with 468,628 tonnes down 36.4% while Russia followed the US with its scrap exports to Turkey amounting to 270,134 tonnes up 51.5% both compared to September. In the given month, the UK exported 160,984 tonnes of steel scrap to Turkey up 2.3% while Belgium exported 160,348 tonnes to Turkey up 39.6% both compared to September this year.

Meanwhile, in the first 10 months of the year Turkey's scrap imports amounted to 17.43 million tonnes. In the January to October period, the US was Turkey's top scrap import source with 4.7 million tonnes while Russia and Romania followed the US with 1.89 million tonnes and 1.85 million tonnes respectively.

(Sourced from Steel Orbis)