In the first quarter of this year, Georgia's ferrous scrap exports to Turkey, the country's main trading partner, amounted to 30,098 metric tons, decreasing by 64.7 percent year on year, according to the data provided by the National Statistics Office of Georgia (Geostat).
The revenue generated by these exports came to $11 million, down 64.5 percent from the year-ago figure, indicating that the country's average export price for ferrous scrap to Turkey in the period in question was $368/mt, up slightly from $366/mt in the corresponding period of 2011.
Meanwhile, in the given period Georgia's ferroalloy exports to Turkey increased more than sixfold as compared to the January-March period of 2011, reaching 6,316 metric tons.