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Global Aluminum Products Continue To Be In Short Supply
- Sep 06, 2018 -

1. India's aluminum exports increased by nearly 16% from April to June. India's aluminum exports surged 15.9% in April-June. One of the reasons is the overcapacity of domestic aluminum, and the rising trend of aluminum exports has continued into the 19th fiscal year. In 2017-18, aluminum exports increased by 36% due to global demand for aluminum.

2. Turkey's scrap aluminum imports increased by 26% in 2017 and exports fell by 24%. In the past three years, the amount of scrap aluminum imported from Turkey has increased. In 2017, Turkey's scrap aluminum imports increased by 25.8% year-on-year to 60,353 tons. Turkey delivered approximately 16,366 tons of scrap aluminum to the global market in 2017, down 23.67% year-on-year. According to recent estimates, Turkey imported approximately 47,970 tons of scrap aluminum in 2016 at a total cost of $64 million. In 2017, the number of imported products in the country increased to 60,353 tons, and the total cost of imports was 20 million US dollars. By the end of 2018, Turkey is expected to import 74,044 tons of scrap aluminum, with a total import value of $103 million. The main countries that exported scrap aluminum to Turkey in 2017 were Belgium (9668 tons), the United Arab Emirates (8281 tons), Italy (5011 tons) and Bulgaria (3293 tons). Turkey exported about 16,366 tons of scrap aluminum in 2017, down from 21,440 tons in 2016. Total exports in 2016 and 2017 were $31 million and $25 million, respectively. In 2018, the country is also expected to export about 20,251 tons of scrap aluminum, with an export revenue of about $29 million. Germany and the United States are the largest importers of scrap aluminum in Turkey in 2017. Turkey exported 6,799 tons and 6055 tons of scrap aluminum to Germany and the United States respectively.