Azerbaijan increases cost of importing steel from Turkiye by 23%

In 2022, Azerbaijan imported steel $134.602 million worth of steel from Turkiye, marking a 22.6% increase from 2021, Report informs, citing the Turkish Exporters' Assembly.

In December last year alone, Turkiye exported $13,201 million worth of steel to Azerbaijan (+16.5%).

Last year, the value of total Turkish steel exports fell by 5.3% year-on-year to $21.063 billion and in December, it dropped by 40.8% to $1.340 billion.