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China boosts steel import from Turkey despite COVID-19

Business Materials 29 July 2020 23:50
China boosts steel import from Turkey despite COVID-19

BAKU, Azerbaijan, July 29

By Rufiz Hafizoglu – Trend:

Steel export from Turkey to China soared by 68.2 percent in the first half of 2020, compared to the same period of 2019, having exceeded $7.4 million, Turkey’s Trade Ministry told Trend.

In June 2020, Turkey’s steel export to China rose by 42.15 percent compared to the same month of last year, surpassing $1.3 million.

In 1H2020, export of Turkish steel to international markets dropped by 16.6 percent compared to 1H2019, amounting to $5.9 billion.

Turkey’s steel export accounted for 8 percent of the country's total exports during this period.

In June 2020, Turkey exported the steel to foreign markets in the amount of over $1.1 billion, which is 28.6 percent more compared to the same month of 2019. In this month, Turkey’s steel export accounted for 8.4 percent of the country's total exports.

Over the past 12 months (from June 2019 through June 2020), Turkey exported $12.6 billion worth of steel abroad.

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