Posted on 07 Jan 2020
Turkish rebar exports slumped -25.7% on-year in November to 430,600 tonnes. They were also down from 600,961t in October, according to Turkish Statistical Institute (TUIK) data monitored by Kallanish. The average sales price was $413/tonne versus $506/t in November 2018.
Yemen, a traditional market for Turkish rebar exports, was again the largest destination with 88,783t in November. Shipments to this market were up 25% on-year but decreased significantly compared to 122,668t in October. Israel was the second-largest export destination with 81,515t, down -13% on-year.
While Singapore was third-largest market in November, its intake decreased further to 43,005t, from 103,262t and 54,195t in September 2019 and October 2019 respectively. Ethiopia followed with 42,225t, up 67% on-year and 55% on-month. Libya, which sourced zero in November 2018, imported 14,648t of rebar from Turkey in November 2019.
In November, Turkey’s rebar exports to the US remained limited at 13,563t, as a result of continuing anti-dumping and Section 232 duties, while Canada sourced zero.
As a result of EU quotas being filled by Turkish mills in September, there were no export sales to Romania, the Netherlands and UK in November. These were 28,021t, 22,879t, and 18,198t respectively in November 2018. Spain took in only 330t in November 2019.
In January-November 2019 Turkish rebar exports thus dropped -4.4% on-year to 5.2 million tonnes. Yemen and Israel were the top two markets with 849,697t and 800,832t respectively, followed by Singapore with 586,377t.
Source:Kallanish
