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Steel News February 19, 2015 02:30:32 AM

Turkish steel imports and exports dropped sharply in 2014

Paul Ploumis
ScrapMonster Author
The latest statistics released by the Turkish Steel Producers' Association (TCUD) indicate that country's steel imports during the whole year 2014
Turkish steel imports and exports dropped sharply in 2014

ANKARA (Scrap Monster): The latest statistics released by the Turkish Steel Producers’ Association (TCUD) indicate that country’s steel imports during the whole year 2014 declined by nearly 7% when matched with the previous year. The imports from Asia surged higher, but were not sufficient to counterbalance the sharp decline in imports from the EU and CIS region.

The billet and bloom imports by Turkey during the year totaled 2.96 mt, down 5.5% year-on-year. Slab imports tumbled 21% to 1.82 mt. Imports of flat products declined by 5.4% to 6.73 mt, while long products import dropped marginally by 1.2% to 1.45 mt. Pipe imports by the country totaled 431,000 t, down 2.5% when compared with 2013.

The steel imports from Asian region surged higher significantly by 38.5% to 2 mt during the previous year. The imports from China continued to remain strong. However, purchases from the EU region dropped by 7.8% to 5.56 mt. Meanwhile, imports from the CIS declined sharply by 18.6% to 5.36 mt.

The total exports of Turkish steel too dropped during the year. The exports were mainly affected by slower-than-expected recovery in Chinese economic growth and the geopolitical risks in the Middle East region, especially Iraq, Syria and Yemen. The steel exports dropped 5% during the year to 18 mt. The decline in exports to Middle East market was sharper. The Turkish steel imports to the region tumbled by 20% to 6.08 mt.

On the other hand, Turkish steel exports to the UK surged 24% to 598,000 t in 2014. The sales to Germany too were up by 28.5% to 326,000 t. Also, exports to Romania totaled 455,000 t, climbing higher by 14% year-on-year.