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Turkey’s steel exports in Nov down 11.7 percent from Oct

Friday, 02 December 2011 10:56:58 (GMT+3)   |  
       
According to the preliminary statistics provided by the Steel Exporters' Association (CIB), in November this year Turkey's total steel product exports amounted to 1.3 million metric tons, decreasing by 11.7 percent compared to October this year but up 4.6 percent year on year. Meanwhile, the revenue generated by these exports totaled $1.14 billion, decreasing 14.1 percent compared to October this year and up by 18.9 percent compared to October last year.

In November, rebar exports accounted for 47.4 percent of Turkey's total steel product exports, while billet exports constituted 12 percent, exports of steel pipes and fitting parts made up 9.7 percent, exports of steel section constituted 9.2 percent, wire rod exports accounted for 5.3 percent and flat steel exports accounted for 4.5 percent.

On the other hand, in the first 11 months of the year, the country's total steel product exports reached 16.38 million metric tons, while the revenue generated by these exports amounted to $13.95 billion, increasing by 4.8 percent and 26.5 percent respectively, both compared to the corresponding period of 2010.

In the January-November period, Turkey's steel product exports to the UAE, its largest market for steel exports, amounted to 1.4 million metric tons, down 32.4 percent year on year, with a value of $943 million, 18.67 percent lower than in January-November 2010. Turkey's steel product exports to Iraq during the period came to 1.35 million metric tons, up 29.9 percent year on year, with a value of $1.18 billion, up 49.8 percent year on year. Exports to Italy in the given period amounted to 1.14 million metric tons, increasing by 173.68 percent year on year, totaling a value of $873.7 million, up 199.1 percent year on year.

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

Country

Volume (mt)

November 2011

November 2010

Iraq

    166,812

    110,296

Egypt

      98,714

      41,900

Saudi Arabia

      88,332

      13,304

US

      74,251

      26,137

Singapore

      57,160

      57,134

UAE

      51,720

    144,085

Italy

      44,281

      58,679

Peru

      43,323

      30,324

Kuwait

      41,847

      17,216

Nigeria

      34,915

        5,024


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