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Turkey’s exports of rebar reach 5 million in January – August

Rebar producers managed to increase exports by 82.4% to 639,874 t year-on-year in August, according to the Turkish Statistical Institute (TUIK).

In January – August, Turkey’s exports of rebar increased by 38.2% and approached 5 million t, MENA region remained the key sales destination with a 33% share in the total exports, absorbing 1.6 million t (10.4% up y-o-y). Singapore registered the most visible growth in bookings, ramping them up from 236,000 t to 584,000 t on an annualized basis. Latin America also continued to deepen trade ties with Turkish mills, having bought more than 1 million t of rebar, up by 254% year-on-year. US, one of the main markets for Turkish mills, fell by 49% to 165,000 t, shipments to Canada gained almost 399%, hitting 150,000 t.

As for the Arab countries, Yemen ranked second and first in the Arab world with 589,168 t, down by -14.7% in January-August of 2021, and Iraq with 128,956 t, an increase of 65.1% in the same period.

 

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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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