Politics

Turkey’s billet imports up by 13.5 percent in January-November


In November last year, Turkey’s billet and bloom imports amounted to 474,977 metric tons, down by 24.4 percent compared to October and up by 100.8 percent year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these imports totaled $244.84 million, decreasing by 26.7 percent compared to the previous month and up by 101.9 percent year on year.

In the January-November period, Turkey‘s billet and bloom imports amounted to 3,278,732 mt, up 13.5 percent, while the value of these imports increased by 6.1 percent to $1.80 billion, both year on year.

In the given period, Turkey’s largest billet and bloom import source was Russia, which supplied 638,550 mt. Russia was followed by Malaysia with 605,730 mt and China with 397,540 mt.

Turkey’s top 10 billet and bloom import sources in the January-November period last year:

Country

Amount (mt)

 

 

 

 

 

 

January-November 2023

January-November 2024

Y-o-y change (%)

November 2023

November 2024

Y-o-y change (%)

Russia

1,308,246

638,550

-51.2

90,814

97,254

7.1

Malaysia

163,391

605,730

270.7

73,923

China

22,845

397,540

>1000.0

141,223

Indonesia

383,012

53,353

Algeria

518,886

233,700

-55.0

76,076

Ukraine

67,134

194,191

189.3

9,708

17,195

77.1

Vietnam

132,709

41,644

Saudi Arabia

106,319

Iran

127,131

88,168

-30.6

14,946

11,628

-22.2

Pakistan

43,912

80,900

84.2

5,582

8,005

43.4

Turkey’s main billet and bloom import sources on country basis in the January-November period last year are presented below:



Source link