Mining News Pro - The tenth largest importer of Iron ore, Turkey has recorded decline in iron ore imports for the month of Aug’18. The imports recorded at 1.08 MnT in Aug`18, down 11% as against 1.22 MnT in July`18. The Y-o-Y imports witnessed a rise of 26% in Aug`18 as against 0.86 MnT in Aug`17.
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According to Mining News Pro -Turkey’s crude steel production declines 8% in Aug’18
Turkey`s crude steel production for Aug`18 witnessed at 3 MnT, down 8% on monthly basis as against 3.27 MnT in July`18. On yearly basis, the output reduced 6% as against Aug`17 production at 3.2 MnT.


Turkey’s iron ore imports for the duration Jan-Aug’18 stood at 7.16 MnT, down 4% as against same duration last year at 7.42 MnT.


The non-agglomerated ore (Lumps and Fines) witnessed a fall of 18% M-o-M in imports to 0.51 MnT in Aug`18 as against 0.62 MnT in July`18. However, Y-o-Y imports stood up by 46% in Aug`18 as against 0.35 MnT in Aug`17.


Agglomerated ore (pellets and concentrates) recorded Aug’18 imports at 0.56 MnT, down 7% M-o-M as against 0.6 MnT in July`18. The Y-o-Y import marked an increase of 10% as compared to Aug`17 imports at 0.51 MnT.


Iron ore imports from Brazil down 45% in Aug’18


Brazil continued to be the largest exporter of iron ore to Turkey in Aug`18 at 0.34 MnT, contributing 31% of total Turkey`s import for the month. The imports witnessed a drop of 45% M-o-M as against 0.62 MnT a month before.


South Korea and Canada exports recorded at 0.17 MnT each for Aug’18 as against being no movement of exports reported a month before.


Turkey`s Country wise iron ore imports

 

Country

Aug-18

Jul-18

M-o-M (%)

Jan-Aug`18

Jan-Aug`17

Y-o-Y (%)

Brazil

0.34

0.62

-45%

2.98

3.09

-4%

South Korea

0.17

0

100%

0.5

0.49

2%

Canada

0.17

0

100%

0.51

0.51

0%

Sweden

0.15

0.3

-50%

1.34

1.3

3%

Finland

0.08

0.08

0%

0.23

0.14

64%

Russia

0.06

0.1

-40%

0.76

0.9

-16%

Ukraine

0.06

0.12

-50%

0.51

0.97

-47%

Others

0.06

0

100%

0.34

0

100%

Grand Total

1.08

1.22

-11%

7.16

7.42

-4%

 


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