Turkey’s HRC import volume up 70.5 % in January-May
According to the data provided by the Turkish Statistical Institute (TUIK), in May this year Turkey’s hot rolled coil (HRC) imports increased by 197.8 % year on year to 528,063 metric tons, up 26.8 % compared to April.
The revenue from these imports amounted to $418.65 million, up 36.5 % month on month and increasing by 397.1 % compared to the same month of the previous year.
Meanwhile, in the first five months of this year, Turkey’s HRC imports amounted to 2.06 million metric tons, up 70.5 % year on year, while the revenue generated by these imports totaled $1.40 billion, increasing by 153.8 % compared to the same period of 2020.
In the given period, Russia ranked first among Turkey’s HRC import sources, with its HRC exports to Turkey amounting to 937,660 mt, up 156.08 % year on year, followed by Ukraine which shipped 547,243 mt of HRC to Turkey in the given period.