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Slowdown in Turkey’s steel exports continues in September

Tuesday, 17 September 2013 15:43:55 (GMT+3)   |   Istanbul
       

The slowdown in Turkey's steel exports has continued in the first half of September, according to the figures provided by the Turkish Steel Exporters' Association (CIB).
 
In the first half of September (Sept 1-15), Turkey's steel exports declined by 16.8 percent in terms of volume to 608,000 metric tons, while a drop of 15.1 percent was witnessed in terms of value to $478 million, both year on year. In the period in question, Turkey's steel exports accounted for 8.3 percent of Turkey's total exports.

 September 1-15January 1 - September 15
Product2012 (mt)2013 (mt)Change (%)Change (mt)2012 (mt)2013 (mt)Change
Pig iron352157-55.30%-1955,1115,273.10%
Slab5,1726-99.90%-5,16621,36305-98.60%
Hot rolled flat steel20,4412,993-36.40%-7,447656,0611,087,11265.70%
Cold rolled flat steel4,4132,433-44.90%-1,9860,97675,34423.60%
Coated flat steel29,34618,943-35.50%-10,404471,275458,429-2.70%
Flat steel (others)1,39972-30.10%-41925,52626,5484.00%
Scrap2,8683,7430.40%87367,70267,389-0.50%
Billet112,83156,792-49.70%-56,0392,241,5841,356,825-39.50%
Rebar319,943274,916-14.10%-45,0276,285,2435,942,120-5.50%
Wire rod40,99724,289-40.80%-16,707800,472657,895-17.80%
Sections73,93156,946-23.00%-16,9851,240,3641,147,653-7.50%
Pipes and tubing68,24292,3935.40%24,1471,252,2171,325,1155.80%
Wire4,9887,550.30%2,511103,628123,05118.70%
Nail9981,38538.80%38717,1122,93834.10%
Bolts and nuts2,7422,9326.90%18947,77150,2535.20%
Steel rope and wire2,4992,92917.20%43045,6146,8162.60%
Construction components27,58526,106-5.40%-1,479462,716478,433.40%
Pipe fittings54963215.00%8313,5514,265.20%
Chains19122618.90%364,4194,91711.30%
Others11,73121,74685.40%10,015270,987339,06725.10%
Total731,209608,033-16.80%-123,17614,093,68113,229,737-6.10%

In the meantime, in the current year up to and including September 15, Turkey's steel exports decreased by 6.1 percent in volume to 13.22 million mt and by 10.4 percent in terms of value to $9.99 billion. In the given period, the Turkish steel industry accounted for 10 percent of Turkey's total exports. The decline in Turkey's steel exports in this period is a result of the sharp drop seen in long steel product exports, despite the increase in flat steel exports.


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