In August this year, Turkey’s billet and bloom imports amounted to 273,063 metric tons, up by 4.5 percent compared to July and by 25.1 percent year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these imports totaled $148.46 million, increasing by 2.6 percent compared to the previous month and by 21.7 percent year on year.
In the January-August period, Turkey's billet and bloom imports amounted to 1,858,023 mt, down 24.6 percent, while the value of these imports decreased by 28.5 percent to $1.05 billion, both year on year.
In the given period, Turkey’s largest billet and bloom import source was Russia, which supplied 381,150 mt. Russia was followed by Malaysia with 315,523 mt and Algeria with 233,700 mt.
Turkey’s top 10 billet and bloom import sources in the January-August period this year:
|
Country |
Amount (mt) |
|
|
|
|
|
|
|
January-August 2023 |
January-August 2024 |
Y-o-y change (%) |
August 2023 |
August 2024 |
Y-o-y change (%) |
|
Russia |
1,114,182 |
381,150 |
-65.8 |
60,939 |
59,702 |
-2.0 |
|
Malaysia |
153,271 |
315,523 |
105.9 |
58,894 |
103,728 |
76.1 |
|
Algeria |
422,808 |
233,700 |
-44.7 |
8,008 |
24,871 |
210.6 |
|
Indonesia |
- |
223,859 |
- |
- |
7,000 |
- |
|
Ukraine |
47,878 |
108,513 |
126.6 |
- |
13,556 |
- |
|
Iran |
94,498 |
76,998 |
-18.5 |
6,469 |
326 |
-95.0 |
|
Pakistan |
34,817 |
64,410 |
85.0 |
887 |
8,320 |
838.0 |
|
Azerbaijan |
77,054 |
53,407 |
-30.7 |
2,418 |
4,687 |
93.8 |
|
Vietnam |
- |
43,854 |
- |
- |
43,854 |
- |
|
India |
87,542 |
29,912 |
-65.8 |
9 |
- |
- |
Turkey’s main billet and bloom import sources on country basis in the January-August period this year are presented below:
