In April, Turkish steelmakers boosted pig iron imports from Ukraine by 53.2%
In January–April 2021, Turkey increased imports of pig iron from Ukraine by 0.2% to 111.6 thousand tons compared to the same period of 2020, according to Steel Orbis citing the Turkish Statistical Institute (TUIK).
In April 2021, Turkish steelmakers increased pig iron imports from Ukraine by 53.2% to 33.5 thousand tons against April 2020.
In total, Turkey cut pig iron imports by 24.1% to 319.1 thousand tons compared to 4M 2020.
Ukraine is Turkey’s key pig iron importer. Its share accounts for 35% of the total imports.
Russia ranks second — it exported 75 thousand tons of pig iron to Turkey over the first four months of 2021 (62.4% less as compared to January–April 2020). Russia’s share in the total exports is 23%.
Turkey is the seventh largest steel producer in the world in terms of volumes. According to the Turkish Steel Producers Association, in 2020, the country increased steel production by 6% to 35.8 million tons y-o-y.
As reported earlier, in 2020, Ukraine increased pig iron exports by 20.3% to 3.1 million tons compared to 2019. Revenues from pig iron exports grew by 15% to $922.2 million.
Turkey is the third largest consumer of pig iron in the world in terms of volumes. The country accounts for 5.9% of the total pig iron imports from Ukraine in 2020.