Turkey: Finished Steel Exports Plunge in Q1 CY'20
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Turkey's finished long & flat steel exports registered a downfall of 6% & 15% respectively, Q-o-Q in Q1 CY'20, as per the customs data maintained with SteelMint. Strong domestic demand and quota limitations in few key destinations, limited exports.
Finished long steel exports stood at 2.38 MnT in Q1 CY'20, down by 6.3% as against 2.54 MnT in Q4 CY'19.
Commodity Wise
| Commodities | Q1 CY'20 | Q4 CY'19 | Change |
| Rebar | 1.9 | 1.95 | -3% |
| Wire Rod | 0.05 | 0.1 | -50% |
| Structure | 0.43 | 0.5 | -14% |
Qty. in MnT
Unload Country Wise
-- Yemen registered as the top importer with 0.40 MnT in Q1 CY'20, slightly dropped by 2.56% against 0.39 MnT in Q4 CY'19.
-- Israel marked at 0.3 MnT imports in Q1 CY'20, plunged by 23% against 0.39 MnT in Q4 CY'19.
-- Singapore recorded at 0.17 MnT in Q1 CY'20, rallied by 42% against 0.12 MnT in Q4 CY'19.
Finish Flat Steel exports recorded at 1.66 MnT in Q1 CY'20, down by 14.8% compared to 1.95 MnT in Q4 CY'19.
Unload Country Wise
-- Italy stood as the top importer and registered at 0.34 MnT in Q1 CY'20 moved up by 17.24% as against 0.29 MnT in Q4 CY'19.
-- Spain recorded at 0.19 MnT in Q1 CY'20 plunged by 24% as against 0.25 MnT in Q4 CY'19.
-- Egypt registered at 0.14 MnT in Q1 CY'20 increased by 7.6% as against 0.13 MnT in Q4 CY'19.
