Turkey steel billet exports up 11%

According to the data provided by the Istanbul Mineral and Metals Exporters' Association (IMMIB), in November 2011 Turkey's total steel billet exports amounted to 160,460 metric tonnes, decreasing by 27.15 percent year on year and up 11 percent compared to the previous month. Meanwhile, in November the revenue generated by Turkey's steel billet exports totalled $113.1 million, decreasing 9.03 percent compared to November 2010 and up 3.8 percent month on month.

Meanwhile, in the first 11 months of 2011 Turkey's steel billet exports declined by 33.25 percent to 2.14 million metric tons, while the revenue for these exports stood at US$1.45 billion, down by 15.86 percent, both compared to the corresponding period of 2010.

In the January-November 2011, Turkey's steel billet exports to Saudi Arabia decreased by 4.85 percent, while its steel billet exports to Egypt increased by 57.6 percent, both compared to the same period in 2010.Meanwhile, Italy's steel imports from Turkey increased by 160.9 percent in January-November on year-on-year basis.