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| Turkey steel bar exports sees 55pct increase in February - 12 Mar, 2010 | ||||||||||||||||||||||||
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Steel Orbis reported that in February, Turkey's steel bar exports witnessed a significant increase of 55.26% MoM after posting MoM declines for the previous three months. Particularly in January, the country's steel bar exports had decreased over 39% compared to the previous month. According to the data provided by the Istanbul Mineral and Metals Exporters' Association, in February this year Turkey's total steel bar exports, including rebar, amounted to 487,785 tonnes, decreasing by 48.41% YoY and up by 55.26% MoM. Meanwhile, the revenue generated by these exports totaled USD 244.65 million declining by 45.46% compared to February 2009 and up 60.16% MoM. In February, the average export price of Turkish steel bar amounted to USD 502 per tonne increasing by USD 15 per tonne or 3.15% from January levels and up USD 25 per tonne or 5.34% from February 2009.
In tonnes Meanwhile, in the first 2 month 2010, Turkey's steel bar exports declined 57.98% reaching 802,248 tonnes, while the revenue for these exports stood at USD 397.55 million, decreasing by 56.19% both compared to the corresponding period of 2009. (Sourced from Steel Orbis) | ||||||||||||||||||||||||
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