The tenth largest importer of Iron ore, Turkey has recorded decline in M-o-M iron ore imports in Jan’18. The imports witnessed at 0.92 MnT in Jan’18 as against 1.21 MnT in Dec’17. The Y-o-Y imports recorded a decline of 12% in Jan’18 as against 1.04 MnT in Jan’17.
Turkey’s crude steel output fell slightly from 3.27 MnT in Dec’17 to 3.17 MnT in Jan’18, down 3% M-o-M. Output from blast furnaces stood at 1.013 MnT in Jan’18.
The non-agglomerated ore (Lumps and Fines) witnessed decline of 41% M-o-M to 0.41 MnT in Jan’18 as against 0.7 MnT in Dec’17. The Y-o-Y imports witnessed a decline of 25% in Jan’18 as against 0.55 MnT in Jan’17.
Agglomerated ore (pellets and concentrates) recorded no change in monthly imports at 0.51 MnT for Jan’18. However, import was up 6% Y-o-Y in Jan’18 as compared to Jan’17 which stood at 0.48 MnT.
Country-wise Turkey Iron Ore Imports:
Brazil continued to be the largest exporter of iron ore to Turkey in Jan’18 at 0.34 MnT (down 44% M-o-M), contributing 37% of total share in Turkey iron ore imports, followed by Sweden 0.24 MnT (stable M-o-M) and Russia 0.17 MnT (down 6%).
Turkey imported 0.07 MnT iron ore from Canada in Jan’18, which was nil a month before.
Turkey’s Country wise iron ore imports Jan’18 v/s Dec’17
| Country | Jan’18 | Dec’17 | M-o-M (%) | Jan’17 | Y-o-Y (%) |
| Brazil | 0.34 | 0.61 | -44% | 0.51 | -33% |
| Sweden | 0.24 | 0.24 | 0% | 0.16 | 50% |
| Russia | 0.17 | 0.18 | -6% | 0.04 | 325% |
| Canada | 0.07 | 0 | 100% | 0.08 | -13% |
| Finland | 0.07 | 0.07 | 0% | 0 | 100% |
| Ukraine | 0.04 | 0.07 | -43% | 0.25 | -84% |
| Germany | 0 | 0.03 | -100% | 0 | 0% |
| Grand Total | 0.92 | 1.21 | -24% | 1.04 | -12% |
Quantity in MnT
Source: Turkey Customs
Provisional Data
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