Turkey - Companies - Turkish rebar exports grow in September, billet declines

25/05/2013

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<= Algeria - ArcelorMittal - ArcelorMittal continues talks to increase Algerian capacity <= World - Companies - World Steel sees iron ore surplus growing up to 2017 <= Russia - Companies - Russian firm plans to build billet & rebar mill by 2015-16 <= Turkey - Companies - Turkish billet and slab output down in Jan-Feb <= Russia - Severstal - Russia's Severstal to expand CR product capacities

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Turkish rebar exports grow in September, billet declines

Last Update: 13/10/2011 13:05:19
Turkish rebar exports recovered in September as expected owing to strengthening demand, especially from the United Arab Emirates (UAE) and Iraq. However, billet exports declined on account of stronger domestic demand for the semi-product, Steel Business Briefing learns from market players.
According to data released by the Istanbul Mineral & Metals Exporters’ Association (IMMIB), Turkey exported 177,479 tonnes of billet in September, 40% lower than the same month of last year. This was 35% less than August.
Sources say that Turkey was a stronger billet exporter last year because selling the semi-finished product was much more profitable than rolling it into rebar. Current domestic demand for billet is higher than demand from export destinations, meaning local producers are focusing on supplying the domestic market. Turkey’s billet exports totalled 1.83mt in the first nine months of the year, down by 28%.
Rebar exports from Turkey hit 613,526t in September, up by 5% year-on-year, and also up 29% from August. Shipments of rebar to the UAE grew that month, and this was coupled with higher exports to Iraq and Israel. Turkey’s rebar exports totalled 5.23mt in January-September 2011, 9% up on the same period of last year.

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