Turkish ore imports flat, China drives export surge

Posted on 20 November 2020

Turkish iron ore imports rose 3% on-year in September to 797,310 tonnes, according to Turkish Statistical Institute (TUIK) data monitored by Kallanish. Their average price was $107/tonne versus $132/t in September 2019.

Brazil remained top supplier with 546,455t in September, up 11% on-year. Russia and Ukraine supplied 143,625t and 107,205t respectively versus much smaller tonnages last year. However, Canada supplied zero versus over 160,000t a year earlier.

Imports in January-September still fell -8% on-year to 7.33 million tonnes, with Brazil, Sweden and Russia the largest suppliers in that order.

Turkish scrap imports, meanwhile, surged 27.5% in September to 2.18mt and by 15.1% in January-September to 16.16mt (see Kallanish passim).

Exports of iron ore from Turkey ballooned over five-fold in September to 293,934t, while their average price was $103/t compared to $72/t in September 2019.

China was the main market, taking in 173,611t versus little over 1,000t last year. Romania took in 69,507t, up 55%. Algeria and Serbia took in 33,000t and 13,831t respectively versus zero last year.

Nine-month iron ore exports thus surged 80% to 1.34mt, with China and Romania the top one and two markets respectively.

Source : Mysteel Global