In February this year, Turkey's scrap import volume decreased by 20.5 percent year on year to 1.15 million metric tons, up 0.9 percent compared to the previous month, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $225.2 million, down 50.7 percent year on year and remaining almost unchanged compared to January.
In the January-February period of this year, Turkey's scrap imports amounted to 2.3 million mt, falling 18.5 percent, while the value of these imports decreased by 49.7 percent to $449.77 million, both compared to the same period of the previous year.
In the first two months, Turkey imported 520,791 mt of scrap from the US, up 7.96 percent year on year, with the US ranking as Turkey's leading scrap import source, ahead of Russia which supplied 397,853 mt in the given period, up 5.97 percent year on year.
Turkey's top 10 scrap import sources in the first two months of the current year are as follows:
Country | Amount (mt) | |||||
January- February 2016 | January- February 2015 | Y-o-y change (%) | February 2016 | February 2015 | Y-o-y change (%) | |
USA | 520,791 | 482,371 | 7.96 | 279,079 | 297,743 | -6.27 |
Russia | 397,853 | 375,448 | 5.97 | 137,260 | 160,467 | -14.46 |
Netherlands | 357,780 | 255,708 | 39.92 | 175,179 | 176,480 | -0.74 |
Belgium | 276,882 | 224,530 | 23.32 | 163,547 | 120,384 | 35.85 |
UK | 255,558 | 563,104 | -54.62 | 151,536 | 138,401 | 9.49 |
Romania | 82,590 | 138,345 | -40.30 | 66,767 | 55,370 | 20.58 |
Lithuania | 75,749 | 104,478 | -27.50 | 36,919 | 79,244 | -53.41 |
France | 60,119 | 60,722 | -0.99 | 4,977 | 49,767 | -90.00 |
Denmark | 56,129 | 28,095 | 99.78 | 44,008 | - | - |
Sweden | 47,590 | 16,009 | 197.27 | 29,080 | 22 | - |
Turkey's main scrap sources on country basis in the first two months of the current year are presented below:
