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Turkish steel exports fall 24.9% in August

Keywords: Tags  Turkish steel, steel exports, Turkish Steel Exporters' Association, Turkish Steel Producers' Association, flat steel, hot-rolled steel, cold-rolled steel, wire rod steel billet

BURSA, Turkey — Turkish steel exports fell 24.9 percent to 1.27 million tonnes in August from 1.69 million tonnes in the same month last year, according to data compiled by the Turkish Steel Exporters’ Association and published by the Turkish Steel Producers’ Association.

The exports were valued at $950 million, down 25.8 percent from $1.28 billion in the same comparison, the producers’ group said.

The biggest drop came in billet, down 95 percent to 23,000 tonnes from 459,000 tonnes in August 2012. Bar product exports of 614,000 tonnes fell 5.7 percent from 651,000 tonnes; wire rod exports totaled 75,000 tonnes, down 3.2 percent year on year from 78,000 tonnes in August 2012; and coated flat steel exports fell 34.4 percent to 42,000 tonnes from 64,000 tonnes a year earlier.

However, tube and pipe exports rose 7.6 percent to 163,000 tonnes, sections exports were up 45.2 percent to 161,000 tonnes, and hot-rolled steel exports gained 42 percent to 68,000 tonnes.

In the first eight months of the year, hot-rolled steel exports increased 69 percent to 1.07 million tonnes, and cold-rolled exports gained 29 percent to 73,000 tonnes.

Tube and pipe exports for the period rose 4.2 percent to 1.23 million tonnes, while rebar exports declined 5 percent to 5.67 million tonnes.

Billet exports for the eight-month period fell 39 percent year on year to 1.3 million tonnes, exports of sections fell 3 percent to 1.13 million tonnes, wire rod exports declined 13 percent to 659,000 tonnes and coated flat steel exports inched 0.6 percent lower to 439,000 tonnes, the association said.

A version of this article was first published in AMM sister publication Steel First.

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