Ferrous scrap consumption in Turkey climbed by 0.6pc to 17.89mn mt in the first eight months of this year from the same prior-year period, in line with crude steel output.

 

Crude steel production in Turkey totaled 22.7mn mt since the beginning of this year, up 0.6pc from January-August 2019, according to the Turkish Steel Producers Association.

 

Turkey increased its ferrous scrap imports by 13pc to 13.94mn mt during the period under review, while its purchases from the domestic market decreased by 27.6pc to 3.95mn mt, according to statistical source SteelData. Turkish mills imported 20.9pc of scrap from the US, 13.7pc from the Netherlands, and 10.5pc from Russia.

 

In August, crude steel output in the country rose by 22.9pc to 3.2mn mt from the same month last year amid better steel product sales. As a result, scrap import increased by 26.4pc to 1,89mn mt during the same period.

 

Eight out of the 10 key ferrous scrap suppliers raised their shipments to Turkey in January-August 2020, as illustrated in the table below:

 

Top 10 ferrous scrap suppliers to Turkey, thousand mt

 Jan-Aug 2019Jan-Aug 2020change
USA2,2532,91029.1pc
Netherlands1,6281,90517pc
Russia1,4491,4671.2pc
United Kingdom1,5421,392-9.7pc
Belgium8541,06324.5pc
Romania57972625.3pc
Lithuania42768961.2pc
Denmark42149717.9pc
France510369-27.6pc
Libya16632998pc
Others2,5022,5907.3pc
Total12,3311,393713pc

Source: SteelData

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