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Turkey’s metal industry began 2026 with a sharp drop in export volumes—but a historic jump in pricing. The TR-METALENDEKS export unit price climbed to $5.32 per kg in January, the highest level recorded by the index, up from $4.88 per kg in December.
In contrast, the export volume index slid to 111.8 points, down 11.3% month-on-month and 10.7% year-on-year, marking its lowest reading in roughly 22 months. Physical exports also cooled, falling from 231,246 mt in December to 205,262 mt in January.
Despite weaker tonnage, export revenues held up better than volumes. Metal industry exports totaled $1.91 billion, down 3.3% month-on-month, while the value index rose 6% year-on-year to 159 points, reflecting a price-led lift.
The price surge is largely linked to tight supply conditions. Looking ahead, expectations of softer global growth could keep prices steadier over the longer term, putting the spotlight on value-added production and market diversification to sustain export performance.
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