It is reported that in November, Turkey's wire rod exports dropped in volume and in revenue on MoM basis following 5 month rising trend while the average export price surged slightly.
According to the statistics released by the Istanbul Mineral and Metals Exporters' Association, in November Turkey's total wire rod exports amounted to 115,140 tonnes increasing by 15.23% YoY but down 31.76% over October of 2009. Meanwhile, the revenue generated by these exports totaled USD 57.78 million rising by 8% compared to the same month of the previous year and down 31.37% MoM.
In November, the average export price of Turkish wire rod amounted to USD 502 per tonnes up USD 3 per tonne or 0.6% from October levels but indicating a decrease of USD 51 per tonne or 9.2% compared to November 2008.
On the other hand, in the January to November period of the current year Turkey's wire rod exports surged 22.15% YoY to 1.07 million tonne totaling a value of USD 504.8 million down 32.02% compared to the corresponding period of the previous year.
Turkey's top ten wire rod export destinations in October this year:
Country Quantity
Libya 27,085
USA 10,685
Singapore 9,837
Peru 7,000
Tunisia 5,000
Iran 4,926
Ivory Coast 4,200
South Korea 4,000
Italia 4,000
Nigeria 3,499
(In tonnes)
(Sourced from http://www.steelguru.com)
Tuesday, December 15, 2009
Turkey wire rod exports drop in November after 5 month uptrend
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