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Turkey ups export of steel to US more than half

Türkiye Materials 18 August 2020 11:03 (UTC +04:00)

BAKU, Azerbaijan, Aug. 18

By Rufiz Hafizoglu – Trend:

The value of steel export from Turkey to the US grew by 57.9 percent from January through July 2020, compared to the same period of 2019, having stood at $231.4 million, the Turkish Trade Ministry told Trend.

In July 2020, Turkey’s export of steel to the US rose by 54.8 percent compared to July 2019, making up $17.7 million.

Steel export from Turkey to international markets dropped by 16.4 percent from January through July 2020, compared to the same period of 2019, and amounted to $7 billion.

Meanwhile, Turkey’s steel export made up 7.8 percent of the country's total export over this period.

In July 2020, Turkey exported the steel worth $1 billion to foreign markets, which is 15.4 percent less compared to the same month of 2019, the ministry said.

Turkey’s total steel export in July 2020 made up 7 percent.

Over the past 12 months (from July 2019 through July 2020), Turkey exported the steel worth $12.4 billion abroad.

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Follow the author on Twitter: @rhafizoglu

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