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.
World - Worldsteel: Pig iron production rose 5.8% last year Russia - Russian Steel members increased output in 2013 Russia - Evraz output grows marginally, despite stoppages China - Chinese analysts divided on outlook for 2014 STEELWORLD - Indo – Arab Steel Summit / 3rd March, 2014 / Sheraton Deira Hotel, Dubai China - China pledges to 'gradually ease' its steel overcapacity Turkey - Offer from SteelOrbis EU - Irepas talks up long product prospects for 2014 Qatar - Qatar tops ranking of steel use per person Brazil - Brazil processor Armco invests $100 million in new plant
World - Worldsteel: Pig iron production rose 5.8% last year Russia - Russian Steel members increased output in 2013 China - Chinese analysts divided on outlook for 2014 China - China pledges to 'gradually ease' its steel overcapacity Qatar - Qatar tops ranking of steel use per person EU - Fitch sees 'modest' improvement in Europe next year China - Special report: China mill profits fall; may recover in 2014 Turkey - Turkey's mills find some MENA customers for debar sales Brazil - Stronger outlook for Brazil steel demand China - Rising Chinese steel output could hit market in September