In October, Turkey's steel pipe exports surged by 46.23% over September, following their decline in the previous 3 consecutive months.
According to the statistics released by the Istanbul Mineral and Metals Exporters' Association, in October Turkey's total steel pipe exports amounted to 138,317 tonnes increasing by 9.52% YoY and up 46.23% MoM. Meanwhile, the revenue generated by these exports totalled USD 129.54 million down 18.49% compared to the same month of the previous year but up 47.24% over September 2009.
In October, the average export price of Turkish steel pipe amounted to USD 937 per tonne up USD 7 per tonne or 0.7% from September levels and indicating a decrease of USD 321 per tonne or 25.57% from USD 1,258 per tonne in October 2008.
On the other hand, in the January to October period of the current year, Turkey's steel pipe exports slid 11.02% YoY to 1.3 million tonne totalling a value of USD 1.23 billion down 26.56% compared to the corresponding period of the previous year.
Turkey's top ten steel pipe export destinations in October this year
| Country | Quantity |
| Iraq | 20,542 |
| UK | 18,583 |
| Portugal | 12,751 |
| Algeria | 8,287 |
| Ireland | 6,327 |
| Croatia | 5,508 |
| USA | 4,646 |
| Germany | 4,380 |
| Romania | 4,124 |
| Spain | 3,729 |
In tonnes
(Sourced from Steel Orbis)
