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US demand supports Turkish rebar exports in April



Global Steel & Raw Materials

June 1, 2017 -- By Cenk Can



Buying interest from the US supported Turkish rebar exports in April, despite low demand in some other key export markets especially the Middle East.


The US bought around 30% of Turkey’s total rebar shipments that month, according to the latest Turkish Statistical Institute (TUIK) data sent to S&P Global Platts May 31.


Turkish exports of rebar in April remained relatively stable year-on-year at 468,120 mt; however, this figure was notably lower than the 662,150 mt exported in the previous month.


Despite a 7% on-year decline, the US topped the list of importers, buying 141,900 mt of Turkish rebar in April, while exports to Israel totaled 60,900 mt, making that country Turkey’s second-largest rebar export destination.


This latest figure was, however, 44% lower than the 110,170 mt exported to Israel in April 2016.


Turkey's rebar exports to some Middle Eastern countries like Saudi Arabia and the UAE remained very low in April, while exports to one of its main export destination in the North Africa region, Egypt, fell almost to zero.


Yemen became Turkey's third largest export destination in April with 42,000 mt, while Turkey's rebar exports to Iraq totalled 24,400 mt.


Jamaica also imported 22,200 mt of Turkish rebar in that month, while the other large importer was Romania at 17,670 mt.


The other importers of Turkish rebar in April were; Mauritania (16,300 mt), Turkmenistan (15,330 mt), Trinidad & Tobago (14,650 mt), Djibouti (12,350 mt), the UK (10,600 mt), Bulgaria (10,370 mt) and Chile (9,850 mt), the data showed.


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