EU steel import scenario - EUROFER
As a consequence total imports over the first eleven months of 2017 fell by just 1% year on year and remained very close to the 2016 record level. Based on SURV2 data for December finished steel imports decreased by the same rate over the whole year 2017.
As far as the main countries of origin are concerned, India and Turkey were, in terms of volume, the largest steel exporters to the EU in 2017, followed by China, South Korea and Russia. These five countries represent almost 80% of total finished steel imports into the EU.
Finished product imports from India almost doubled in 2017 and imports from Turkey rose by 65%, thereby replacing impeded imports from China. Russia. Ukraine and Brazil’s imports into the EU decreased as these countries faced anti-dumping duties imposed by the EU Commission on certain products found to have been dumped. Smaller exporters, such as Serbia, Egypt and Taiwan benefitted from the gap left by the partial withdrawal of the countries that had measures imposed on them from the EU market, reflecting the continued existence of global excess capacity looking for outlets.
The split of total finished imports into flat and long product imports shows that in 2017 flat product imports stabilised at the 2016 level, whereas long product imports fell by 2% compared with 2016.
Both flat and long product imports were on a negative year-on-year trend in the second half of 2017. The anti-dumping and anti-subsidy measures imposed by the EU Commission in 2017 had a positive impact on the overall reduction in imports from third countries. Global steel market supply and demand also gradually became better balanced owing to improving demand conditions and production cuts in China.
At the individual product level, imports of hot-rolled coil, quarto plate and tin mill products fell by 16%, 18% and 10% in 2017, respectively. Imports of all other major flat products rose sharply: cold- rolled sheet imports grew by 21% and hot-dipped galvanised sheet imports increased by 27% over the whole year 2017. Most long product imports showed a downward tendency. This was particularly the case with heavy sections and rebar, while wire rod imports rose by 5%.
As far as the main countries of origin are concerned, India and Turkey were, in terms of volume, the largest steel exporters to the EU in 2017, followed by China, South Korea and Russia. These five countries represent almost 80% of total finished steel imports into the EU.
Finished product imports from India almost doubled in 2017 and imports from Turkey rose by 65%, thereby replacing impeded imports from China. Russia. Ukraine and Brazil’s imports into the EU decreased as these countries faced anti-dumping duties imposed by the EU Commission on certain products found to have been dumped. Smaller exporters, such as Serbia, Egypt and Taiwan benefitted from the gap left by the partial withdrawal of the countries that had measures imposed on them from the EU market, reflecting the continued existence of global excess capacity looking for outlets.
The split of total finished imports into flat and long product imports shows that in 2017 flat product imports stabilised at the 2016 level, whereas long product imports fell by 2% compared with 2016.
Both flat and long product imports were on a negative year-on-year trend in the second half of 2017. The anti-dumping and anti-subsidy measures imposed by the EU Commission in 2017 had a positive impact on the overall reduction in imports from third countries. Global steel market supply and demand also gradually became better balanced owing to improving demand conditions and production cuts in China.
At the individual product level, imports of hot-rolled coil, quarto plate and tin mill products fell by 16%, 18% and 10% in 2017, respectively. Imports of all other major flat products rose sharply: cold- rolled sheet imports grew by 21% and hot-dipped galvanised sheet imports increased by 27% over the whole year 2017. Most long product imports showed a downward tendency. This was particularly the case with heavy sections and rebar, while wire rod imports rose by 5%.
Posted By : Nanda Koijam on Fri, 09 Feb 2018