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Turkey’s steel exports in January up 32.7 percent

Thursday, 02 February 2012 13:51:44 (GMT+3)   |  
       
According to the preliminary statistics provided by Turkey's Steel Exporters' Association (CIB), in January this year Turkey's total steel product exports amounted to 1.59 million metric tons, decreasing by 10.45 percent compared to the previous month of December and up 32.74 percent year on year.

In January, rebar exports accounted for 47.75 percent of Turkey's total steel product exports, while billet exports constituted 17 percent, exports of steel pipes and fitting parts made up 8.3 percent, exports of steel section constituted 8.25 percent, wire rod exports accounted for five percent and flat steel exports accounted for 4.1 percent.

In January 2012, Saudi Arabia was Turkey's largest destination for steel exports, receiving 259,927 metric tons, almost quintupled year on year. Turkey's steel product exports to the US and Singapore also saw significant increases.

Turkey's top 10 steel export destinations in January 2012 are as follows:

Country

Volume (mt)

January 2012

 January 2011

Saudi Arabia

    259,927

      52,167

Iraq

    138,534

    124,711

US

    132,855

      52,516

UAE

    127,981

    181,107

Egypt

      89,711

      81,293

Yemen

      65,294

      25,982

Singapore

      59,077

        1,332

Israel

      43,429

      53,455

Libya

      38,808

      39,693

Lebanon

      38,373

      37,412


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