Minews - Turkish iron ore imports rise in April

(Minews) - The latest data released by the Turkish Statistical Institute (TUIK) suggests that the country’s iron ore imports surged higher during the month of April this year.

The imports during the month totaled 1.02 million tons, surging 31.8% when compared with the imports during the same month a year ago. It must be noted that the demand for imported iron ore has continued to remain robust despite sharp decline in BF-based crude steel output by the country during the month.

The import value generated by iron ores totaled $87.68 million during the month. The import values witnessed sharp decline of almost 22% year-on-year during April 2015.

The cumulative iron ore imports by Turkey during the initial four-month period in 2015 totaled 3.54 million tons, up by nearly 30.3% when compared with the imports of 2.72 million tonnes during the corresponding four-month period from January to April last year.

The largest supplier of iron ore to Turkey during the four-month period was Brazil. The imports from Brazil totaled 1.75 million tons, accounting for nearly 50% of the total imports by the country during this period. The iron ore imports from Brazil witnessed sharp surge of 107% over the previous year.

In second place was Sweden with 658,940 tons. The imports from that country witnessed a decline of nearly 12% over the previous year. Sweden had shipped nearly 745,154 tons of iron ore to Turkey during Jan- Apr ’15.