In July this year, Turkey’s hot rolled coil (HRC) imports amounted to 156,257 metric tons, down by 42.8 percent compared to June and by 49.7 percent year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the value of these imports totaled $105.84 million, decreasing by 40.2 percent compared to the previous month and by 54.8 percent year on year.
In the January-July period, Turkey's HRC imports amounted to 2,191,676 mt, down 19.2 percent, while the value of these imports fell by 23.7 percent to $1.43 billion, both year on year.
In the given period, Turkey’s largest HRC import source was China, which supplied 1,056,245 mt. China was followed by Egypt with 398,636 mt and Russia with 207,064 mt.
Turkey’s top 10 HRC import sources in the January-July period this year:
Country |
Amount (mt) |
|
|
|
|
|
|
January-July 2023 |
January-July 2024 |
Y-o-y change (%) |
July 2023 |
July 2024 |
Y-o-y change (%) |
China |
1,062,366 |
1,056,245 |
-0.6 |
189,997 |
47,685 |
-74.9 |
Egypt |
134,315 |
398,636 |
196.8 |
47,319 |
53,184 |
12.4 |
Russia |
479,126 |
207,064 |
-56.8 |
8,755 |
4,456 |
-49.1 |
South Korea |
153,406 |
188,015 |
22.6 |
12,198 |
37,210 |
205.1 |
Japan |
320,706 |
87,037 |
-72.9 |
24,519 |
6 |
-99.9 |
Taiwan |
155,149 |
85,362 |
-45.0 |
2,494 |
- |
- |
France |
74,067 |
73,532 |
-0.7 |
14,146 |
9,113 |
-35.6 |
Belgium |
22,889 |
27,784 |
21.4 |
2,735 |
3,293 |
20.4 |
Brazil |
- |
18,727 |
- |
- |
- |
- |
Vietnam |
49,994 |
17,698 |
-64.6 |
- |
- |
- |
Turkey’s main HRC import sources on country basis in the January-July period this year are presented below:
