Turkiye registered a decline in June billet export for the second month in a row, continuing the downward trend of January-June 2022 in international trade. Local steelmakers exported 79,946 t of billet in June, reducing shipments by 12.3% year-on-year, according to the Turkish Statistical Institute (TUIK).
H1 results also weakened on an annualised basis. Turkiye exported 473,982 t of billet over the reported period, narrowing trade by 4.9% y-o-y. Morocco came on top of importers by 18% in the first half of 2021, to 315,996 t, and more than tripled its intake, expanding its share to 67% this year. Egypt came in fourth place with 24,991 t, Consequently, the North African market consumed 72% of the aggregated volume or 340,988 t. Latin America decreased billet purchases by 62.1% in H1, and as a result, its share shrank by 24 p.p. to 16%. Small tonnages were also supplied to the European region (7%) and sub-Saharan Africa (5%).