Turkey's Steel Scrap Import up 46.96% Compared to The Previous Month

In September this year, Turkey's steel scrap import volume increased by 20.36 percent year on year to 2,157,489 metric tons, up 46.96 percent compared to the previous month, according to the data provided by the Turkish Statistical Institute (TUIK). The value of this import volume totaled $797.23 million, up 12.22 percent year on year and increasing by 52.12 percent compared to the previous month.

In September of the current year, Turkey imported 520,041 mt of scrap steel from the US, up 40.93 percent month on month. The US remained first among Turkey's major steel scrap import sources with 4.06 million mt in the first nine months of the year, ahead of the UK and Romania.

On the other hand, in the January-September period this year, Turkey's steel scrap import volume decreased by 13.07 percent to 14.65 million mt, valued at $5.6 billion, down 22.9 percent, both year on year. As SteelOrbis has been informed by the Turkish Iron and Steel Producers' Association, Turkey's steel scrap import volume is expected to show a drop of 3 million mt this year compared to 2012, affected by the gradual increase in Turkey's domestic scrap generation.

Turkey's main scrap sources on country basis in the first nine months of this year are presented below:

Turkey's top 10 steel scrap import sources in January-September 2013 are as follows: