Statistics from the Turkish Statistical Institute (TUIK) showed that Turkey imported a total of nearly 700,000 tons of pig iron in the first four months of this year, increasing by 26% compared to the year-ago level. The value generated by these imports was US$256 million, a year-on-year hike of 7%.

In April alone, Turkey’s pig iron imports rose by 8% month on month and soared by 150% year on year, reaching approximately 253,000 tons. The import value also grew by 10% from the preceding month and by 105% year on year to about US$92 million.