Turkish iron ore imports up 10% in January-November 2012

In the first eleven months of 2012, Turkey’s imports of iron ore totalled 6.92 million tonnes, 9.85% higher than the corresponding period in 2011.

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January-November 2012 blast furnace output rose by 5.2% to 8.5 million tonnes, according to figures recently released by the Turkish Iron & Steel Producers’ Assn.

The growth in blast furnace output supported domestic demand for iron ore.

Turkey imported 300,165 tonnes of iron ore in November, 22.98% down year-on-year, and 58.82% below the 728,938 tonnes imported in October.

Brazil remained the country’s largest supplier in November, exporting 212,662 tonnes of iron ore.

Ukraine ranked second, supplying 87,502 tonnes.

Turkish iron ore imports were valued at $31.09 million in November, equating to $103.58 per tonne cfr, sharply down from $115.95 per tonne cfr in Ocober.

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