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Turkey’s steel exports in Dec up 33 percent over Nov

Tuesday, 03 January 2012 17:14:16 (GMT+3)   |  
       
According to the preliminary statistics provided by Turkey's Steel Exporters' Association (CIB), in December this year Turkey's total steel product exports amounted to 1.78 million metric tons, increasing by 33 percent compared to November this year and up 3.6 percent year on year. Meanwhile, the revenue generated by these exports totaled $1.42 billion, increasing 25 percent compared to November this year and up by 11.7 percent compared to December last year.

In December, rebar exports accounted for 46.5 percent of Turkey's total steel product exports, while billet exports constituted 14.3 percent, exports of steel section made up 9.6 percent, exports of steel pipes and fitting parts constituted 8.9 percent, wire rod exports accounted for 7.5 percent and flat steel exports accounted for 2.8 percent.

On the other hand, in 2011 the country's total steel product exports reached 18.14 million metric tons, while the revenue generated by these exports amounted to $15.35 billion, increasing by 4.57 percent and 24.84 percent respectively, both compared to 2010.

In 2011, Turkey's steel product exports to Iraq, its largest market for steel exports, amounted to 1.5 million metric tons, up 28.3 percent year on year, with a value of $1.3 billion, 45.7 percent higher than in 2010. Turkey's steel product exports to the UAE during the period also totaled 1.5 million metric tons, but decreasing 37 percent year on year, with a value of $1 billion, down 26.67 percent year on year. Exports to Italy in 2011 amounted to 1.2 million metric tons, increasing by 126.37 percent year on year, totaling a value of $889.5 million, up 149.3 percent year on year.

Turkey's top 10 steel export destinations in December 2011 are as follows:

Country

Volume (mt)

December 2011

December 2010

US

    264,171

      35,389

Iraq

    168,207

      144,235

Saudi Arabia

    124,536

      95,292

Egypt

    116,385

      63,987

UAE

    108,180

      322,619

Yemen

      60,624

      13,842

Israel

      50,325

      105,249

Nigeria

      42,076

      3,790

Algeria

      41,237

      31,086

Bangladesh

      40,427

      2


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