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TUIK: Turkey's steel export value up 31.6 percent in Jan-May

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According to the provisionary international profession statistics assembled by the Turkish Statistical Institute (TUIK) and also the Turkish Undersecretariat of Custom-mades, in May this year Turkey's foreign trade shortage enhanced by 155.2 percent to $10.61 billion compared to May 2021. In the January-May period this year, Turkey's foreign trade deficit increased by 136.0 percent year on year toq355 hot rolled black carbon steel coil cost $43.21 billion.In MightGangya metal, Turkey's iron and steel exports rated fourth amongst the nation's products with the highest export value, totaling $1.42 billion, increasing by 7.8 percent year on year. Meanwhile, in the provided month the value of exports of short articles of iron or steel, which placed eighth amongst the products with the highest export worth, increased by 22.7 percent year on year, totaling up to $792.40 million.Inreduced carbon steel coil the provided period, Turkey's iron and steel export value was up by 31.6 percent to $7.04 billion, while the worth of its exports of short articles of iron or steel raised by 35.0 percent to $4.25 billion, both year on year.

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