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Turkey’s steel exports to MENA region up 4.8 percent in Q1

Wednesday, 30 May 2012 17:12:07 (GMT+3)   |  
       
Turkey's ferroalloy and basic steel product exports to the MENA (Middle East and North Africa) region in the first quarter of 2012 increased by 4.8 percent year on year to 2.2 million metric tons, according to the data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the region continued to be Turkey's main export market, accounting for 52.9 percent of its total steel product exports. However, in January-March 2011, this share was recorded at 57.3 percent.

In the January-March period of this year, Saudi Arabia ranked first among Turkey's steel product export markets, receiving double the steel product volume compared to the first quarter of 2011, while Turkey's steel product exports to the UAE and to Iran decreased significantly in the period in question.

Turkey's top 10 steel export destinations in the MENA region in Q1 2012 are as follows:

Country

Volume (mt)

Q1 2012

 Q1 2011

Saudi Arabia

473,715

 241,391

Iraq

385,488

 238,287

UAE

310,320

 638,916

Libya

179,192

 79,173

Egypt

167,963

 110,655

Israel

157,321

 131,456

Yemen

150,497

 54,818

Morocco

761,02

 98,811

Lebanon

69,892

 77,846

Iran

44,896

 185,561


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