According to the data provided by the Turkish Statistical Institute, in November 2012 Turkey's stainless flat steel imports rose by 7.5% compared to the previous month and were up 9.25% compared to November 2011, amounting to 29,793 metric tonne. November is the third consecutive month in which a month on month increase was seen in the country's stainless flat steel imports. The value of these imports was USD 70 million in November, increasing by 8.25% as compared to October and down 8.8% YoY.
Meanwhile, in the first 11 months of 2012, Turkey's stainless flat steel imports amounted to 328,851 metric tonnes, increasing 2.15% compared to the corresponding period of 2011. The value of these imports was USD 850 million, decreasing by 13% compared to the same period of the previous year.
In the first 11 months of last year, Turkey's stainless flat steel imports from Taiwan amounted to 78,829 metric tonne, increasing by 7.7% year on year. Turkey's second biggest source of stainless flat steel imports in the first 11 months of 2012 was South Korea with 41,848 metric tonne, down 8.1% compared to the same period of 2011. Germany exported 37,279 tonne of stainless flat steel to Turkey in the January to November period of the year, rising by 3.5% YoY basis.