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Demand for Turkish steel surges in Turkmen market

Türkiye Materials 21 August 2020 19:02 (UTC +04:00)
Demand for Turkish steel surges in Turkmen market

BAKU, Azerbaijan, Aug. 21

By Rufiz Hafizoglu – Trend:

The volume of steel export from Turkey to Turkmenistan surged by 88.43 percent in the first seven months of 2020, compared to the same period of 2019, amounting to $11.3 million, Turkey’s Ministry of Trade told Trend.

As reported, in July 2020, Turkey’s steel export to Turkmenistan made up $1.57 million, having increased by 32.37 percent compared to July 2019.

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 steel export in July 2020 accounted for 7 percent of the country's total export.

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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