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Turkey’s billet imports up 178.3 percent in January-May, including three Arab countries

In the January-May period of this year, Turkey’s billet import volume amounted to 1.63 million mt, increasing by 178.3 percent, while the value of these imports increased by 272.3 percent to $946.37 million, both year on year.

In the given period, Turkey imported 911,732 mt of billet and bloom from Russia, up 180.36 percent year on year, with Russia ranking as Turkey’s leading billet and bloom import source, ahead of Ukraine which supplied 259,493 mt in the given period.

Algeria ranks the third with 118,271 mt , followed by Qatar with 97,019 mt , and Oman with 92,319 mt .

In May this year, Turkey’s billet and bloom import volume decreased by 7.0 percent month on month to 340,591 mt, up by 241.1 percent year on year, according to the data provided by the Turkish Statistical Institute (TUIK).

The value of these imports totaled $231.70 million, decreasing by 3.2 percent month on month and up by 444.8 percent year on year.

 

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Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

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AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

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