TURKISH FLAT STEEL IMPORTS: Volumes up only 1.5% in 2020

Turkey’s flat steel import volumes increased by 1.49% year-on-year in 2020, according to data released by the Turkish Statistical Institute (TUIK) in the week ended January 29.

Turkey imported 7,027,378 tonnes of flat steel in January-December 2020, up from 6,924,046 tonnes in 2019.
This was despite an increase in import duties for most flat steel products in 2020.
But some monthly figures for steel imports were down, notably in April, because of the effects of the Covid-19 pandemic.

The slight increase in flat steel imports was largely due to weak demand for steel in Turkey’s local market through 2020, especially in the first half of...

Published

Serife Durmus

February 03, 2021

14:40 GMT

Bursa