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

Ferrous scrap consumption increased by 28pc to 13.64mn mt in Turkey in January-May 2021 compared to the same period last year amid higher crude steel production, according to statistical source SteelData.

 

Crude steel output in Turkey reached 16.35mn mt during the period under review. As a result, mills raised scrap imports by 33pc to 10.81mn mt, and the supply of the material from the domestic market increased by 13pc to 2.83mn mt.

 

Imports of shredded scrap totaled 1.50mn mt in the first five months of the year, up by 22pc from the same timeframe in 2020.

 

In May 2021, ferrous scrap imports in Turkey amounted to 2.02mn mt versus 1.16mn mt in the same month a year ago.

 

Key ferrous scrap suppliers to Turkey were the Netherlands, the USA, the UK, Russia, and Belgium, as illustrated in the table below:

 

Top 15 ferrous scrap suppliers to Turkey (mt)

 Jan-May 2020Jan-May 2021change, pc
Netherlands1,170,7981,510,44429
USA1,672,7781,497,757-10
United Kingdom912,2861,268,45739
Russia705,649900,29728
Belgium493,703704,53543
Romania392,530575,96747
Lithuania433,407512,35218
France254,713482,90490
Denmark353,482382,7018
Germany202,607318,18957
Poland143,691317,503121
Venezuela47,049293,730524
Croatia119,641242,417103
Israel146,764239,18363
Bulgaria118,257227,81593
Others969,6181,337,98038
Total8,136,97310,812,23133

Source: SteelData

Leave a Reply

Your email address will not be published.