In June this year, Turkey's scrap import volume increased by 32.8 percent year on year to 1.94 million metric tons and was up 14.1 percent compared to the previous month, according to the data provided by the Turkish Statistical Institute (TUIK). The value of these imports totaled $504 million, up 26.8 percent year on year and rising by 30 percent compared to May.
In the January-June period of this year, Turkey's scrap imports increased by 8.35 percent to 9.18 million mt, while the value of these imports decreased by 20 percent to $1.97 billion, both compared to the same period of the previous year.
In the first half of the current year, Turkey imported 1,896,372 mt of scrap from the US, up 7.76 percent year on year, with the US ranking as Turkey's leading scrap import source, ahead of Russia which supplied 1,430,997 mt in the given period, up 16.07 percent year on year.
Turkey's top 10 scrap import sources in the first six months of the current year are as follows:
Country | Amount (mt) | |||||
Jan-Jun 2016 | Jan-Jun 2015 | Y-o-y change (%) | June 2016 | June 2015 | Y-o-y change (%) | |
USA | 1,896,372 | 1,759,833 | 7.76 | 560,525 | 293,116 | 91.23 |
Russia | 1,430,997 | 1,232,826 | 16.07 | 222,702 | 218,213 | 2.06 |
UK | 1,255,480 | 1,164,076 | 7.85 | 118,070 | 175,203 | -32.61 |
Netherlands | 1,252,068 | 719,629 | 73.99 | 313,717 | 61,456 | 410.47 |
Belgium | 999,198 | 780,139 | 28.08 | 227,727 | 152,220 | 49.60 |
France | 297,276 | 114,364 | 159.94 | 66,919 | 14,649 | 356.82 |
Lithuania | 262,495 | 285,631 | -8.10 | 48,884 | 24,250 | 101.58 |
Romania | 248,092 | 372,245 | -33.35 | 30,216 | 75,365 | -59.91 |
Denmark | 234,472 | 133,615 | 75.48 | 52,866 | 28,536 | 85.26 |
Ukraine | 228,022 | 675,533 | -66.25 | 56,849 | 158,841 | -64.21 |
Turkey's main scrap sources on country basis in the first six months of the current year are presented below:
