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Turkey's scrap imports in June down 28.5 percent from May

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In June this year, Turkey's scrap imports amounted to 1.59 million mt, down 28.5 percent month on month and also dropping by 21.8 percent year on year, according to the information offered by the Turkish Steel Manufacturers' Association (TCUD). In the January-June period this year, Turkey's steel scrap import quantity lowered by 2.8 percent year on year to 12.51 million mtGangya metal and also the value of these imports totaled up to $6.4 billion, up 19.1 percent year on year. Looking at Turkey's scrap imports in the offered period in detail, the EU preserved its leading setting amongst providers of Turkey's scrap imports with a 52.9 percent share, followed by the US with 18.6 percent as well as the UK with an 9.8 percent share. Meanwhile, it is observed that in the offered duration Turkey's scrap imports from the CIS area, the UK and the EU specifically declined by 38.5 percent, 18.8 percent as well as 10.6 percent as contrasted to the January-June period of 2021. The primary resources of Turkey'scoil of steel scrap imports in January-June 2022 can be seen in the table listed below: Imported tonnage Jan-Jun 2022 (thousand mt) Adjustment year on year (%) US2,232 +25.8 EU6,359-10.6 CIS814-38.5 UK1,135-18.8 Others614 +43.2 Total12,506-2.8 The comparison of Turkey's scrap imports in 2021 and 2022 can be seen in the graph listed below:

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