According to a statement released by the Turkish Steel Producers’ Association (TCUD), in March this year, Turkey’s steel exports increased by 31.3% to 1.48 million mt, while the value of these exports rose by 18.6% to $1 billion, year on year.
In the first quarter, the country’s steel exports rose by 18.5% to 3.79 million mt, while the value of these exports increased by 8.4% to $2.55 billion, both year on year.
Flat and long product exports in the January-March period amounted to 1.57 million mt and 2.06 million mt, respectively, with increases of 22.6% and 11.2% year on year, while semi-finished product exports amounted to 152,533 mt
In March, Turkey’s steel imports decreased by 23.6% to 1.17 million metric tons, while the value of these imports decreased by 24.5% to $885.5 million, both year on year.
In the January-March period, the country’s steel imports increased by 4.6% to 4.23 million metric tons, while the value of these imports decreased by 4.2% to $3.02 billion, both year on year.
Looking at the imported products, flat and long product imports in the first three months amounted to 2.06 million metric tons and 359,728 metric tons, respectively, with a decrease of 0.7% and an increase of 10.4%, year on year, while semi-finished product imports amounted to 1.81 million metric tons.
In March, Turkey’s steel imports decreased by 23.6% to 1.17 million metric tons, while the value of these imports decreased by 24.5% to $885.5 million, both year on year.
In the January-March period, the country’s steel imports increased by 4.6% to 4.23 million metric tons, while the value of these imports decreased by 4.2% to $3.02 billion, both year on year.
Looking at the imported products, flat and long product imports in the first three months amounted to 2.06 million metric tons and 359,728 metric tons, respectively, with a decrease of 0.7% and an increase of 10.4% year on year, while semi-finished product imports amounted to 1.81 million metric tons.
In March, Turkey’s steel export-to-import ratio increased to 84.56% , from 74.74% recorded in the same period of the previous year.
Turkey’s exports to the US reached a near standstill in the first quarter of the year at 38,000 metric tons.
To offset the negative effects of this situation, the Turkish steel industry started to focus on the North African and Middle Eastern markets with the aim of entering new markets.
Meanwhile, restrictions on scrap trade have become a global trend, as seen with the inclusion of scrap restrictions in the EU’s Steel and Metal Action Plan.
Scrap demand is expected to increase by 20% in 2030 due to decarbonization efforts.
