Statistics from the Turkish Statistical Institute (TUIK) showed that Turkey imported a total of around 1.1 million tons of pig iron in the first six months of this year, increasing by 51% compared to the year-ago level. The value generated by these imports was about US$416 million, a year-on-year hike of 28%.

In June alone, Turkey’s pig iron imports dropped by 12% month on month but grew significantly by 139% year on year, reaching approximately 206,000 tons. The import value fell by 16% from the preceding month but soared by 103% year on year to about US$73 million.