Although Turkey's imports of coated steel coil increased significantly in the first two months, the index decreased in June. EU countries account for the vast majority of monthly output, but Asian suppliers are actually chasing them. Although the trade slowed down in early summer, the overall index of the first half of 2021 showed a very positive trend.
According to the data of the Turkish Bureau of Statistics (tuik), 67,666 tons plated front steel and color coated steel were delivered to the country in June, a year-on-year decrease of 14.5%. This decrease was mainly due to the 4.5% reduction in EU supply to about 35000tons, but the number was 59000tons in June 2020. The insufficient supply of materials in the region is one of the main reasons for this development.
Meanwhile, Asian sellers increased their material shipments to Turkey in June. South Korea became the largest supplier of coated steel in the month of the report, with a supply of about 16000tons, accounting for 241% of the month, and the scope of cooperation expanded by 21.3% year-on-year. China has also clearly strengthened its position in Turkey, shipping 12804tons products, accounting for 189% of the total. “ After the VAT refund became clear, Chinese manufacturers and traders increased the sales of galvanized steel coil,prepainted steel coil and other coated steel. Their offer is very competitive, "one respondent pointed out.
According to the results of the first half of the year, the high indicators in the previous months did not turn the total excess potential into a surface. According to the data of the Turkish Bureau of statistics, during the reporting period, Turkey imported 494,166 tons coated steel, a year-on-year increase of 95%. The output of EU countries was 287,000tons products, accounting for 49.3% of the total import, and the supply decreased by 1.7%. China recorded the largest increase in trade in June, at 323%, reaching 55,576tons.
Post time: Aug-26-2021