Turkey has increased its steel exports by 53%

Turkey in the I quarter of 2011 compared to the same period of 2010 to increase its revenues from exports of iron and steel by 52.9% to 2.63 billion dollars This is illustrated by Turkish Statistical Institute and the Turkish Undersecretariat of Customs. In turn, the cost of imports of the metal in a given period grew by 41.8% to 4.8 billion dollars by the results of March earnings from exports of iron and steel amounted to 990.29 million dollars, which is 24.2% more Compared with March last year. Expenditures on imports of the metal rose by 23,3% to 1,7 billion U.S. dollars earlier in Istanbul Iron & Steel Exporters' Union suggested that Turkey was in 2011 to increase steel exports by 30% to 16 billion dollars, in turn, production volumes of metal to the Turkish companies will rise this year by 16% to reach 20 million tons. First it was reported that Turkey in 2011 could increase its revenues from exports of steel by 20%, to $ 15 billion addition, market analysts believe that the volume of steel production in the country this year may reach 33 million tons. According to World Steel Association, in 2010 the volume of steel production in Turkey was 29 million tons, up 14.6% over the previous year. Today the country is among the ten largest in the world producing the metal. Ministry of Industry