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TUIK: The cost of steel imports to Turkey decreased by 5.1 percent in January-October 2025

TUIK: The cost of steel imports to Turkey decreased by 5.1 percent in January-October 2025
According to preliminary foreign trade statistics compiled by the Turkish Statistical Institute (TUIK), in November this year, the value of iron and steel imports to Turkey fell by 7.8 percent year-on-year, amounting to $1.95 billion. In this month, iron and steel ranked sixth among the country's most imported products in terms of value. In the first 11 months of this year, the value of Turkish ferrous metallurgy imports amounted to $20.36 billion, a decrease of 5.1% compared to the same period in 2024.

Meanwhile, in this month, the value of imports of ferrous metallurgy products, which ranked 15th among the products with the highest import value, increased by 14.2%, amounting to $358.38 million, while the value of its imports of ferrous metallurgy products in January-November of this year increased by 0.5% to $ 3.8 billion, as compared to the previous year.

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