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Turkey’s billet imports down 18% in January-October 2022

In October this year, Turkey’s billet and bloom import volume declined by 22.5 % month on month to 239,431 mt, down by 227.4 % year on year, according to the data provided by the Turkish Statistical Institute (TUIK).

The value of these imports totaled $136.64 million, up by 17.2 % month on month and by 156.9 % year on year.

In the January-October period of this year, Turkey’s billet import volume amounted to 1.98 million mt, decreasing by 18.0 % , while the value of these imports moved down by 8.6 % to $1.37 billion, both year on year.

In the given period, Turkey imported 1.28 million mt of billet and bloom from Russia, down 9.5 % year on year, with Russia ranking as Turkey’s leading billet and bloom import source, ahead of Oman which supplied 138,140 mt an increase of 49.6%, and Algeria came in sixth rank with 57,694, down -78.2% compared to the same period last year.

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Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

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