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Turkey’s scrap imports in May up 23 percent

Steel News

Turkey’s scrap imports in May up 23 percent

 

 

 

In May this year, Turkey’s scrap imports continued to increase both month on month and year on year. The import volume in May alone came to 2,029 million mt, up approximately 23 percent month on month, according to the data provided by the Turkish Steel Producers’ Association (TCUD).

 

 

EU maintained its number one position among suppliers of Turkey’s scrap imports with a 56 percent share, followed by the US with 13.8 percent and then the UK with a 11.9 percent share.

 

 

During the January-May period of the current year, Turkish steelmakers’ full order books both for long and flat steel led them to continue purchasing scrap at a rapid pace, resulting a gradual rise in tonnages bought.

During the January-May period, Turkey’s steel scrap import volume increased by 32.5 percent on year on year to 10.828 million metric tons. The value of these imports exceeded $4.460 million, up 95 percent year on year.

 

 

It is noteworthy that Turkey’s scrap imports from the US indicated a 10.5 percent decrease year on year in the first five months of 2021.

 

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