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China sharply boosts import of steel from Turkey

Türkiye Materials 18 May 2020 11:39 (UTC +04:00)
China sharply boosts import of steel from Turkey

BAKU, Azerbaijan, May 18

By Rufiz Hafizoglu - Trend:

Export of steel from Turkey to China surged by 82.9 percent from January through April 2020 compared to the same period of 2019 and amounted to $4.9 million, Turkey’s Ministry of Trade told Trend on May 18.

In April 2020, Turkey’s steel export to China spiked by 102 percent compared to the same month of 2019, and amounted to $1.7 million.

From January through April 2020, Turkey exported steel to the world markets in the amount of $4 billion, which is 18.1 percent less compared to the same period of 2019.

The overall export of steel from Turkey made up 7.8 percent of the country's total export over the reporting period.

In April 2020, Turkey exported the steel to the world markets in the amount of $903.1 million, which is 26.9 percent less compared to the same month of 2019.

Meanwhile, Turkey’s steel export amounted to 10 percent of the country's total export.

From April 2019 through April 2020, Turkey exported the steel in the amount of $12.9 billion.

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Follow the author on Twitter: @rhafizoglu

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