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Turkey’s steel billet exports down 32 percent in 2011

Wednesday, 04 January 2012 14:30:00 (GMT+3)   |  
       
According to the data provided by Turkey's Steel Exporters' Association (CIB), in December last year Turkey's total steel billet exports amounted to 254,340 metric tons, decreasing by 21.34 percent year on year and up 58.5 percent compared to the previous month. Meanwhile, in December the revenue generated by Turkey's steel billet exports totaled $162.15 million, decreasing 11.76 percent compared to December 2010 and up 43.3 percent month on month.

Meanwhile, in 2011 Turkey's steel billet exports declined by 32.16 percent to 2.4 million metric tons, while the revenue for these exports stood at $1.6 billion, down by 15.5 percent, both compared to 2010.

In 2011, Turkey's steel billet exports to Saudi Arabia decreased by 1.6 percent, while its steel billet exports to Egypt increased by 50 percent, both compared to 2010. Syria's steel imports from Turkey increased by 207 percent in 2011 on year-on-year basis.

Turkey's top 10 steel billet export destinations in 2011:

Country

           Quantity (mt)

    2011

    2010

 Saudi Arabia

    707,429

    718,676

 Egypt

    424,009

    282,982

 Syria 

    183,100

    59,617

 UAE

    161,469

    836,729

 Morocco

    130,518

    121,906

 Italy

    109,888

    51,128

 Bangladesh

      91,670

    76,534

 Peru

      54,375

        217

 Tunisia

      49,821

    89,750

 Sudan

      31,248

    12,550


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