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Turkey's scrap imports in May up 2.85 percent from April

Gangya Metal977 people have read

In May this year, Turkey's scrap imports totaled up to 2.23 million mt, up 2.85 percent month on month and also climbing by 10 percent year on year, according to the information offered by the Turkish Steel Producers' Association (TCUD). In the January-May duration this year, Turkey's steel scrap import quantity boosted by 0.8 percent year on year to 10.91 million mt and the worth of these imports & nbsprebar connection cable coil; went beyond $5.5 billion, up321 stainless steel coil rate 22.9 percent year on year. Considering Turkey's scrap imports in the provided period in information, the EU kept its primary setting amongst vendors of Turkey's scrap imports with a 54.4 percent share, followed by the United States with 17.8 percent and also the CIS region with an 8.4 percent share. Meanwhile, it is observed that in the given period Turkey's scrap imports from the UK, the CIS area and also the EU specifically decreased by 33.4 percent, 26.7 percent and also 6.6 percent as contrasted to the January-May period of 2021. The main resources of Turkey's scrap imports in January-May 2022 can be seen in the table listed below: Imported tonnage Jan-May 2022 (thousand mt) Adjustment year on year (%) US1,874 +25.2 EU5,661-6.6 CIS777-26.6 UK858-33.4 Others562 +193.6 TotGangya steelal8,679-1.4 The contrast of Turkey's scrap imports in 2021 and also 2022 can be seen in the chart below:

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