You are here: Home > Steel News > Latest Steel News > Turkey’s...

Turkey’s billet imports more than double in January-March 

Tuesday, 23 May 2023 15:19:17 (GMT+3)   |   Istanbul

In March this year, Turkey's billet and bloom import volume increased by 49.4 percent month on month to 372,509 mt, up by 328 percent year on year, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $222.24 million, up 55.9 percent month on month and up 224.6 percent year on year. 

In the first three months of this year, Turkey's billet import volume amounted to 953,419 mt, increasing by 137 percent, while the value of these imports increased by 93.2 percent to $550.35 million, both year on year. 

In the given period, Turkey imported 363,397 mt of billet and bloom from Russia, up 115.5 percent year on year, with Russia ranking as Turkey's leading billet and bloom import source, ahead of Algeria which supplied 222,812 mt in the given period.
 
Turkey's top billet and bloom import sources in January-March are as follows: 

Country 

Amount (mt) 

  

  

  

  

  

  

January-March 2023 

January-March 2022 

Y-o-y change (%) 

March 2023 

March 2022 

Y-o-y change (%) 

Russia 

363,397 

168,610 

115.53 

152,823 

22,767 

571.25 

Algeria 

222,812 

7,214 

62,012 

Oman 

170,363 

45,725 

272.58 

76,506 

25,113 

204.65 

Iran 

42,710 

13,487 

216.68 

18,170 

6,508 

179.19 

Kuwait 

31,232 

31,231 

Malaysia 

28,491 

India 

27,768 

19,444 

42.81 

Azerbaijan 

23,858 

21,990 

8.49 

15,642 

13,194 

18.55 

Belarus 

21,017 

6,052 

Pakistan 

15,092 

1,500 

906.13 

5,940 

1,475 

302.71 

Turkey's main billet and bloom sources on country basis in the January-March period of this year are presented below: 


Similar articles

Global View on Billet: Market characterized by sliding prices triggered by China and poor demand

20 Dec | Longs and Billet

Ex-Turkey merchant bar prices stable

20 Dec | Longs and Billet

Russian billet sales become active in SE Asia as prices $20/mt below Chinese

20 Dec | Longs and Billet

Another Iranian mill floats export billet tender

19 Dec | Longs and Billet

Ex-ASEAN billet declines further to match with Chinese prices, lower ex-Japan offers emerge as well

19 Dec | Longs and Billet

Ex-Russia billet price improves slightly, but further increase questionable

18 Dec | Longs and Billet

Asian FOB billet market returns to decline as negative moods prevail in China

18 Dec | Longs and Billet

Indian billet exporters refrain from submitting offers as local market revives

18 Dec | Longs and Billet

Billet prices in Turkey unable to move much though scrap keeps rising

17 Dec | Longs and Billet

Iran’s SKSCO announces billet export tender despite weak prices globally

17 Dec | Longs and Billet