According to the data provided by the Turkish
Statistical Institute (TUIK), Turkish ferrous scrap imports reduced by 8% in
October this year from September but increased by 3% from a year ago.
The average import prices in October remain same as September
this year at US$ 468/MT. It is higher around 20% from last year in the same
month.
US & Russia became the top exporters to Turkey for
ferrous scrap with 468,628 MT and 270,134 MT respectively. Compared to
September, US exports down by 36.4%, while Russian exports grew by 51.5%.
Meanwhile, in the
first 10 months of the year Turkey's scrap imports amounted to 17.43 million
mt. In the Jan-Oct, the US was Turkey's top scrap import source with 4.7 million
MT, while Russia and Romania followed the US with 1.89 million MT and 1.85 million
MT respectively.
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