Turkey’s pig iron imports increase by 0.1 percent in January-May
In May this year, Turkey’s pig iron imports amounted to 112,673 metric tons, up by 47.5 percent compared to April and down by 39.5 percent year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the value of these imports totaled $49.14 million, increasing by 10.2 percent compared to the previous month and down by 41.4 percent year on year.
In the January-May period, Turkey’s pig iron imports amounted to 642,098 mt, up 0.1 percent, while the value of these imports decreased by 3.8 percent to $288.13 million, both year on year.
In the given period, Turkey’s largest pig iron import source was Russia, which supplied 478,178 mt. Russia was followed by Kazakhstan with 57,095 mt and India with 35,200 mt.
Turkey’s top pig iron import sources in the January-May period this year:
|
Country |
Amount (mt) |
|||||
|
|
January-May 2023 |
January-May 2024 |
Y-o-y change (%) |
May 2023 |
May 2024 |
Y-o-y change (%) |
|
Russia |
415,843 |
478,178 |
15.0 |
120,436 |
73,326 |
-39.1 |
|
Kazakhstan |
– |
57,095 |
– |
– |
19,308 |
– |
|
India |
73,906 |
35,200 |
-52.4 |
– |
– |
– |
|
South Africa |
– |
30,094 |
– |
– |
10,000 |
– |
|
Brazil |
54,762 |
26,310 |
-52.0 |
54,762 |
– |
– |
|
Ukraine |
76,579 |
10,038 |
-86.9 |
– |
10,038 |
– |
Turkey’s main pig iron import sources on country basis in the January-May period this year are presented below:
