Turkey's pig iron imports decreased

According to the Turkish Statistical Institute (TurkStat), Turkey imported around 310,400 tons of pig iron in the first three months of this year, a decrease of 6.6% y-o-y. The value of imports amounted to USD 143.4 million, a decrease of 30% from a year earlier.

Among them, imports from Russia ranked first with roughly 215,400 tons, an increase of 291.8% y-o-y, followed by Ukraine with 76,600 tons.

In March alone, Turkey's pig iron imports increased by 66% on month and 18.3% on year to 129,000 tons. The value of these imports reached US$62 million, an increase of 77% m/m and a decrease of 7% y/y.