Turkey: Flat Steel Exports Slide Down by 2% in Oct'18
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According to the recent customs data, Turkey flat steel exports which includes 7208 (HR coils /Plates), 7209 (CR coils), 7225 (Electrical sheets),7210/7212(GP/GC) inch down by 2% M-o-M basis in Oct'18 to 0.46 MnT which was 0.47 MnT in Sep'18.
However on yearly basis the same reported significant surge in Oct'18 in Oct'18 against 0.24 MnT in Oct'17.
During first ten months of CY18 (Jan- Oct) nation's flat steel export volumes stood at 4.23 MnT increased by 34% against 3.16 MnT in similar time frame of previous year.
Turkey has struggled with many problems, especially protectionist measures, achieved success in exports despite all the difficulties encountered in the process.
Further the nation aims for similar performance in CY19 as well.Meanwhile Turkey is exploring new markets like South east Asia,west Africa and South America with the intent of evaluating opportunities available in these regions.
Commodity wise flat steel exports in Oct'18
| Sub Commodity | Oct'18 | Sep '18 | Change in % | Oct '17 | Y-o-Y (change in %) |
| HRC/Plate | 0.25 | 0.29 | -13.79 | 0.14 | 78.57 |
| Electrical Steel | 0.14 | 0.12 | 16.67 | 0.05 | 180 |
| Galvanized Steel | 0.05 | 0.04 | 25 | 0.03 | 66.67 |
| CRC | 0.01 | 0.01 | 0 | 0.01 | 0 |
| Others | 0.01 | 0.01 | 0 | 0.01 | 0 |
| Grand Total | 0.46 | 0.48 | -2% | 0.24 | 92% |
Quantity inMnT
Source-SteelMint Research
Country-Wise Turkey Flat Steel Exports in Oct'18 - Italy stood as a major flat steel importer and has procured 0.10 MnT of flat steel which remain stable since past two month.
Secondly Spain imported 0.08 MnT in Oct'18 against 0.04 MnT in the preceding month.
Following this,Portugal imported 0.04 MnT ,Belguim at 0.02 MnT,Canada at 0.05 MnT and Romania at 0.02 MnT in Oct'18.
