Turkey Finish Long Steel Exports Surge 17% in CY18

Finish long steel exports from the Turkey grew by 17.66% Y-o-Y and stood at 9.46 MnT in CY18, as per data retained by SteelMint.

As per custom data, the nation has exported about 9.46 MnT Finish long steel in CY18 as against 8.04 MnT in CY17, soar by 17.66% Y-o-Y.

In line M-o-M basis, exports have been inch up by 1% and registered at 0.92 MnT in Dec'18 as against 0.91 MnT in Nov'18.

The exports have been moved up in line with competitive export offers than the offers through Chinese suppliers. Commodity wise Turkey's Wire Rod exports have been surged by 67% & Structure by 23% Y-o-Y in CY18.

It's being learned that, average rebar export offers from Turkey on FoB basis were at around USD 536/MT in CY18 as against USD 474/MT in CY17. In line with the China, FoB offers were recorded at USD 551/MT in CY18 as against USD 488/MT in CY17. However average price rise was at around 13% Y-o-Y from the both nations.

Under Finish Long commodities following HS Codes has been considered - Bar & Rod (HS Code 7213 & 7214), MS Wire (HS Code 7217) along with Angle & Shapes (HS Code 7215 & 7216).

Sub-Commodity Wise - Rebar appeared with major share in exports and reported at 7.89 MnT in CY18 against 6.81 MnT in CY17; up by 16% followed by Structure at 1.28 MnT in CY18 up by 23% against 1.04 MnT in CY17 and lastly Wire rod at 0.3 MnT in CY18 which is sharply move up by 67% against 0.18 MnT in CY17.

Country Wise - In CY18, the major exports of Finish Long Steel registered to Israel at 1.19 MnT (+13%) against 1.05 MnT in CY17, followed by Yemen at 0.86 MnT (+16%) against 0.74 MnT in CY17 and Singapore stood at 0.51 MnT slightly fall by 2% against 0.52 MnT in CY17.

Import

As per the custom data, the nation has imported about 830,342 MT Finish long steel in CY18 and reached to lowest since CY13, as per data retained by SteelMint and on yearly premises it down by 11.16% against 934,718 MT in CY17.

In line M-o-M basis, exports have been shrunk by 7% and registered at 47,983 MT in Dec'18 which was about 51,747 MT in Nov'18.

Updates

-- Turkey Rebar export offers havering at USD 495-505/MT, FoB.

-- Turkey Wire Rod export offers evaulated in the range USD 525-530/MT, FoB.

-- As per last week assessment, Turkey's billet export prices jumped to USD 480-490/MT as against previous week at USD 450-460/MT, FoB main port.

-- Turkey imported scrap trades slow down as per SteelMint's price assessment, US origin HMS (80:20) scrap inch down to USD 328-330/MT, CFR Turkey after climbing to levels USD 332-333/MT, CFR in the closing of last week.