Turkey’s imports of Chinese stainless steel will double in 2020

Turkey's imports of Chinese stainless steel will double in 2020

Data show that Turkey imported 486,500 tons of stainless steel coils in the first ten months of 2020, up from 438,500 tons in the same period last year. Among them, 138,800 tons of stainless steel plates were imported from South Korea, the largest supplier, which was significantly lower than the 178,800 tons in the same period in 2019; during the same period, due to price advantages, Turkey imported 132,800 tons of stainless steel coils from China, which more than doubled year-on-year , Becoming Turkey’s second largest stainless steel supplier.

In addition, in the first ten months of 2020, Turkey imported 33,700 tons of stainless steel coils from Taiwan, China, 33,500 tons from Indonesia, and 29,000 tons, 28,100 tons and 22,000 tons from Spain, Italy and Finland, respectively.

Posco Assan TST, Turkey’s only cold-rolled stainless steel mill, is located in Izmit, Kocaeli Province, with an annual capacity of 300,000 tons, producing stainless steel cold-rolled coils with a thickness of 0.3-3.0 mm and a maximum width of 1600 mm.