Turkiye: Steel billet imports rise by 20% y-o-y in CY’23

  • Turkiye’s steel billet imports rose by 20% y-o-y to 5.80 mnt in CY’23 (Jan-Dec’23) as against 4.83 mnt in the year-ago period, as per Customs data.
  • Russia was the major exporter with 2.95 mnt followed by Algeria with 547,499 t.
  • However, import volumes dropped by 23% m-o-m to 387,921 t in Dec’23 from 501,034 t in Nov’23.