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Turkey imported 486,500 mt of stainless coils in the first ten months of 2020. This represents an increase of 38,000 mt in import volumes compared to the same period last year. Chinese suppliers in particular were able to expand their market shares in Turkey.

Turkish stainless steel imports from China double year-on-year in 2020
Turkish stainless steel imports from China double in 2020

Import duties do not stop Turkish imports

Despite import duties on many steel products imposed due to the Covid 19 pandemic, imports of stainless sheet increased.

However, EU countries and countries with which Turkey has free trade agreements, including South Korea, were exempted from this tariff increase.

Turkey’s stainless steel main suppliers in 2020

However, Turkish imports of stainless sheet from Turkey’s main supplier, South Korea, fell to 133,800 mt from January to October 2020. Significantly lower than the 178,800 mt imported in the same period in 2019.

China became one of Turkey’s top suppliers of stainless coils in the first ten months of 2020, with 132,800 mt. More than double the previous year’s figure, while Taiwan became Turkey’s third-largest supplier with 33,700 mt in the January-October period.

Turkey’s other stainless steel suppliers in the first ten months of the year were: Indonesia (33,500 mt), Spain (29,000 mt), Italy (28,100 mt) and Finland (22,000 mt), according to the latest data.

Source: spglobal.com


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