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Turkey’s Steel Exports to EU up 33.3% in Q1

By Unknown , 2013-05-31 12:00:00

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Turkey’s steel exports, including steel scrap, semi-finished and finished products, to the European Union in the first quarter of 2013 amounted to 888,478 mt, up 33.3% compared to the same quarter of last year, according to the data provided by Turkish Statistical Institute (TUIK).

In the first quarter this year, the European Union was Turkey’s second major steel export destination, after the Middle East, accounting for 17% of total Turkish steel product exports. In the same quarter last year, this share was recorded at 13.2%. Meanwhile, the total revenue generated by Turkey’s steel product exports to the EU-27 in the first quarter this year came to $883.5 million, rising just by 3.7% year on year.

In the first quarter, Turkey’s steel product exports to Italy amounted to 262,329 metric tons, more than triple compared to the first quarter of 2012, followed by the Netherlands with 104,120 metric tons, more than double year on year. In the first quarter, Turkey’s leading exported steel product to the EU-27 was hot rolled flat steel, with a volume of 367,321 metric tons, triple year on year.

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