Statistics from the Turkish Statistical Institute (TUIK) showed that Turkey imported a total of around 934,000 tons of pig iron in the first five months of this year, increasing by 40% compared to the year-ago level. The value generated by these imports was US$343 million, a year-on-year hike of 19%.

In May alone, Turkey’s pig iron imports dropped by 7.6% month on month and grew greatly by 108% year on year, reaching approximately 234,000 tons. The import value fell by 5.2% from the preceding month but jumped by 343% year on year to about US$87 million.