Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Turkey imported 1.69mn mt ferrous scrap in January 2020, up 37pc from 1.23mn mt in the same month a year ago. Ferrous scrap imports dropped by 21pc from 2.04mn mt in December. 


The instability caused by geopolitical tensions with Syria and lowered finished steel demand lowered Turkish ferrous scrap imports from December. Turkey ferrous scrap demand in January and February were impacted by Covid-19 outbreak in China.  


In January, ferrous scrap imports from the United States were 19pc of total imports at 315,443mt. Imports from the US increased by 47pc from 214,398mt in the prior year period and dropped from 480,905mt in the prior month. 


The second-largest supplier was the Netherlands. Turkey imported 241,803mt of ferrous scrap from Netherland in January, down by 26pc from 192,046mt. Followed by other major suppliers including Belgium (178,382mt), Russia (122,415mt) and Denmark (112,461mt).


Turkey’s crude steel production in January 2020 was 3.0mn mt, up by 17.3pc from the prior year, according to the World Steel Association.


Steel Imports 

Imports of semi-finish steel were at 479,712mt in January, down from 556,933mt in December and up 77pc from 270,552mt in January. Imports of flat-rolled products were at 448,295mt in January, down from 449,987mt in December and up 45pc from 309,542mt in January.


Steel Exports

In January, Turkey exported 578,261mt finished long products, up from 564,139mt in January and 516,513mt in December. Exports of finished flat products were at 301,437mt, up 4pc from 290,441mt in January and 280,867mt in December. 

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