Export Tarih: 23 January 2017
In 2016 Turkey’s total iron & steel products export including pipes and articles of iron & steel increased by 1.2 % from 16.73 mt to 16.93 mt; while the value of the total export declined by 8 % from 11.74 billion dollars to 10.80 billion dollars, as a result of the drop in average price. On the other hand flat steel export exceeded 3 million ton mark for the first time and reached 3.08 mt, up by 21.3 %. Long products, the largest export product group of Turkey, fell by 1.3 % and declined to 10.5 mt. In 2016, 59 % of Turkey’s total steel export consisted of long products, 18 % consisted of flats and 10 % of pipes.
In 2016, total steel export to Middle Eastern/ Gulf region countries fell by 2.2% to 5.2 mt, while export to EU reached 4.05 mt, up by 26.2 %. Last year with 2.3 mt export, the USA was Turkey’s largest steel export market, followed by Egypt with 1.37 mt, UAE with 1.22 mt, Israel with 1.12 mt, and Iraq with 1.08 mt. The share of top 5 markets in Turkey’s total steel export was 42 %.