Turkish steel consumption to fall by 20pc in 2019

Turkish steel consumption continues to lag significantly behind 2018, with exports also at risk of slowing significantly in the near term as protectionist measures bite, Turkish iron and steel producers' association secretary-general Veysel Yayan said today at an industry event in Istanbul.

But the association expects the decline to be less than 20pc by the end of the year, as a result of a modest recovery in the second half of 2019. Consumption fell by 25.8pc year on year in January-September to 18.9mn t, driven by a 42pc fall in January-May. The decline has been driven mainly by lower long products demand, with consumption of longs in Turkey at 7.8mn t compared with 12.9mn t in January-March 2018. Flat steel consumption is down by 12pc at 11.1mn t.

As a result, Turkish steel exports — most of which have gone to Europe — climbed to 13.4mn t in the nine-month period, from 12.1mn t a year earlier. But the increase is the result of higher exports in January-June and volumes have since slowed as a result of protectionist measures. Exports to the US have practically halted, Yayan said, adding that the decline in exports might accelerate in the coming months.

At the same time imports into Turkey are at a multi-year low, yet their share of domestic consumption has increased. Imports in the first nine months stood at 8.6mn t, down from 11.3mn t on the year. Imports of flat steel fell to 5.4mn t from 6.2mn t in January-September.

News No: 7286
Date: 2019/11/06 - 17:50
News Source: Argus Media

Turkish  steel  iron  general Veysel Yayan  Import 


Leave a Comment:


Turkish mills retain suitable scrap-rebar margin

Turkish steelmakers have maintained real term spreads between scrap purchases and rebar sales at around $170/t throughout November and December, despite the spread between current scrap and rebar prices dropping to below $150/t this week.

EU HRC: Italian mill announces another rise

European coil mills are holding firm in their offers, with the vast majority having now formally informed customers of at least one increase for the first quarter.

Atlantic pellet: Murky price talks cloud 2020 outlooks

Atlantic iron ore pellet market participants are still working to finalise some outstanding fourth quarter supply contracts, with the past year's murky price environment now exacerbating uncertainty over how and when 2020 supply contracts will be settled.

Indian mills eye stocks to tide over iron ore shortage

India's iron ore output is poised to post a sharp drop in the 2020-21 fiscal year starting 1 April, but it may not result in a significant spike in imports although domestic prices may increase.

More Indian PCI imports come from Russia, Canada

Indian imports of the pulverised coal injection (PCI) grade used for steel production fell to this year's lowest level in October as more Australian imports were replaced with PCI from Russia and Canada.

Hindalco Industries hands over India’s first all-aluminium freight trailer to UltraTech Cement

Hindalco Industries Limited has handed over India’s first all-aluminium freight trailer in Rajasthan to Kamal Exim Pvt. Ltd., a leading Jaipur-based transporter of UltraTech Cement Limited. The 34-foot long aluminium freight trailer can ferry a wide range of materials such as cement, alumina, fly ash, grains, flour, steel coils and cylinders.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners