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Türkiye’s plate export in June increased by 88.56% year on year

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According to the latest report released by Türkiye Institute of Statistics (TUIK) last week, Türkiye exported 528432 tons of plates in June 2024, an increase of 88.56% compared with 280241 tons in June 2023.

In the first half of this year, the country exported 2720484 tons of sheet metal, an increase of 85.30% compared to the 1468183 tons exported from January to June 2023.

From the perspective of importing countries, in June 2024, Türkiye S70CM steel will mainly export hot rolled steel plates to Italy (105957 tons) and Belgium (35268 tons). It is reported that after the new quota was implemented in Europe on July 1, S70CM steel buyers' interest in Türkiye hot rolls increased. This is mainly because Türkiye has sufficient quotas compared with other Asian countries (except other countries, Türkiye has the most quotas in the third quarter, 475173.52) and the transportation time is short. At present, the S70CM steel price of Türkiye's export hot coil is between 560-580 dollars/ton FOB, a small increase of 10 dollars/ton FOB compared with the previous two weeks.

  • Source: Abstract
  • Editor: Shirley

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