Turkey increased iron imports from Ukraine by 10% in Q1 2022

In January-March 2022, Turkish steel plants increased their imports of pig iron from Ukraine by 10.2% compared to the same period in 2021, to 85.94 thousand tons, Steel Orbis reported, citing data from the Turkish Statistical Institute.

At the same time, in March Ukraine exported 14.43 thousand tons of pig iron to Turkey, which is 63.7% less than in March 2021.

In general, Turkish companies in January-March increased imports of pig iron by 72%, to 344.8 thousand tons.

Russia is the biggest supplier of pig iron to Turkey. It accounted for 48% of total deliveries. In January-March, Turkish factories imported 166.1 thousand tons of pig iron from Russia. This is 3.2 times more than in 2021.

Ukraine is the second biggest supplier. Its share is 35% of total iron supplies.

Earlier GMK Center reported that in 2021 Turkey increased imports of pig iron from Ukraine by 8.8% compared to 2020, to 295.5 thousand tons. Deliveries from Ukraine account for 25% of total iron supplies.

Turkey ranks seventh in the world in terms of steel production. According to World Steel, the country in 2021 increased steel production by 13% compared to 2020, to 40.4 million tons.