Vedanta Power, Oil & Gas, and Iron & Steel slide sharply in Friday trade JSW’s Rayalaseema integrated steel plant to boost Andhra Pradesh steel sector Tata Steel advances 40 MTPA capacity roadmap with major India expansion push Turkey wire rod exports fall 4.9% in Jan-May 2026 amid weak market demand
Turkey’s wire rod exports declined in the first five months of 2026, reflecting pressure in traditional markets despite strong growth in select destinations. During January-May 2026, Turkey exported 393,995 metric tons of wire rod, down 4.9% year-on-year, while export value slipped 4.2% to $230.54 million.
May shipments showed a positive monthly recovery, reaching 92,593 metric tons, up 43.1% from April and 18.6% compared with the same month last year. Export revenue in May also improved to $55.43 million, supported by stronger buying activity.
Romania remained Turkey’s largest wire rod export market, although volumes fell 6.4% year-on-year to 144,664 metric tons. Australia emerged as a major growth market, with shipments jumping 111.1% to 60,063 metric tons. Bosnia-Herzegovina also posted a sharp rise of 280%, reaching 41,379 metric tons.However, weaker demand from Bulgaria, Libya, and Italy weighed on overall export performance. The latest data shows that Turkey’s wire rod export market is shifting, with new demand centres partly offsetting losses in key European destinations.
Also Read : Tokyo Steel Announces July Price Hike to Offset Rising Raw Material and Production Costs Steel Plate Prices Gain Momentum in Asia Amid Diverging Regional Trends
According to the China Iron and Steel Association (CISA), the average daily crude steel output of la...
China 24-May-2024
Adani Energy Solutions Ltd is seeking a credit facility for as much as $600 million to fund smart me...
Large Corporate 29-Mar-2024
✅ India reaches 200 MTPA steel capacity, solidifying 2nd global rank✅ Boosts infrastructure, expor...
Business 05-Apr-2025
India, the third-largest oil importer and consumer in the world increased its fuel imports to meet t...
Oil & Gas 23-Feb-2024
Suryadev Alloys and Power, an integrated steel and power company, has introduced a new line of anti-...
Mid Corporate 13-May-2024
A recent commentary in the journal Nature states that sustainability initiatives are being hampered...
Raw Material 22-Jan-2024