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Turkish iron and steel exports start to recover in Europe, continue steady growth in Africa-不銹鋼展-The 24th China(Guangzhou)Int'l Stainless Steel Industry Exhibition
12/5/2023 不銹鋼展-Stainless Steel exhibition |
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The Turkish iron and steel industry''s export volume decreased by eight percent year on year in October, while itsexport value declined by five percent, according to the statement of the Mediterranean Exporters'' Association. Thedecrease in the given month was less compared to other months.The Turkish iron and steel industry, which continues to record declines in terms of volumes and value due to thecontraction in global demand, is trying to compensate for its losses by focusing on alternative markets. Continuing itssteady growth in the African market, the industry has also started to recover in Europe.
The Turkish ferrous and non-ferrous metals industry''s export value declined by 7.1 percent to $973 milion in Octoberwhile the steel industry''s export value decreased by 3.1 percent to $1.3 bilion, both year on year. In the given monththe share of the ferrous and non-ferrous metals industry in Turkey''s total exports was 4.3 percent, while the share otthe steel industry was 5.8 percent.
In the given month, Germany ranked first among destinations for Turkey''s iron and steel exports with a value of $169milion. folowed by Romania with $129 milion and the US with $112 million. Turkish iron and steel exports to Spainincreased by 76 percent, while exports to Romania and Morocco increased by 51 percent and 24 percent, respectively.
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