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

Imports of ferrous scrap into Turkey increased by 16pc in February to 2.08mn mt from 1.78mn mt in the same month last year according to the country’s Customs data.


Imports also rose by 3pc from 2.07mn mt of ferrous scrap shipped into Turkey in January. Shipments to Turkey in the first two months of the year tallied at 4.08mn mt up from 3.48mn mt in January-February 2020, the data indicated.


In February, Netherlands emerged as the top exporter of ferrous scrap to Turkey with 21pc of Turkish scrap imports originating in this European nation. The US followed with 13pc of the total share of Turkish scrap imports followed by Belgium with 9pc, Russia with 8pc, and France with 7pc share of total shipments into Turkey.


In terms of volume, Netherlands emerged as the largest exporter to Turkey, shipping 432,540mt of scrap in February, up 50pc from 289,022mt in the same month last year. The US was the second-largest exporter though its shipments reduced by 29pc to 275,123mnt in February from 386,177mt in the same month of 2020. Belgium followed with 185,996mt of ferrous scrap shipped to Turkey in February against 76,833mt in February 2020, a growth of 142pc, to round off the top three exporters to the country. 



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