European Steel Association EUROFER in its latest Economic and steel market outlook 1121-2022 Fourth quarter 2021 report, which has data up to second quarter 2021, reported that total EU exports of finished steel products to third countries increased by 9% YoY in the second quarter of 2021, after minus 5% in the first quarter. In particular, exports of both flat products 6% and long products 15% rose, inverting the negative trend of the first quarter of minus 6% and minus 3% respectively).The main destinations for EU steel exports over the first seven months of 2021 were the UK, Turkey, the United States, Switzerland and China, followed by Egypt and the Russian Federation. The first five destinations together accounted for 54% of total EU finished product exports. The most significant increases in EU exports were recorded in the US 22%), the UK and Switzerland both 9%, while the largest decreases were observed in China minus 16% and Turkey minus 11%.Over the first seven months of 2021, flat product exports fell by mi nus 5%, whereas long product exports increased moderately 3%. Flat products accounted for 65% of finished product exports overall. Exports of most individual flat products decreased compared to the same period of the previous year, in particular hot rolled wide strip minus 28%, hot rolled flat minus 16%, quarto plate minus 10% and cold rolled sheet minus 4%. Exports of strip mill products also dropped by minus 5% while exports of hot dipped and coated sheet increased by 11% and 9% respectively. By contrast, exports of all long products rose with the exception of rebars by 31%. Exports of wire rod, merchant bars and heavy sections all increased by 4%, 15% and 22% respectively.The year 2020 recorded a general slump of EU exports by minus 17% for finished products, reflected in all segments flat products minus 17% & long products by minus 16%.
European Steel Association EUROFER in its latest Economic and steel market outlook 1121-2022 Fourth quarter 2021 report, which has data up to second quarter 2021, reported that total EU exports of finished steel products to third countries increased by 9% YoY in the second quarter of 2021, after minus 5% in the first quarter. In particular, exports of both flat products 6% and long products 15% rose, inverting the negative trend of the first quarter of minus 6% and minus 3% respectively).The main destinations for EU steel exports over the first seven months of 2021 were the UK, Turkey, the United States, Switzerland and China, followed by Egypt and the Russian Federation. The first five destinations together accounted for 54% of total EU finished product exports. The most significant increases in EU exports were recorded in the US 22%), the UK and Switzerland both 9%, while the largest decreases were observed in China minus 16% and Turkey minus 11%.Over the first seven months of 2021, flat product exports fell by mi nus 5%, whereas long product exports increased moderately 3%. Flat products accounted for 65% of finished product exports overall. Exports of most individual flat products decreased compared to the same period of the previous year, in particular hot rolled wide strip minus 28%, hot rolled flat minus 16%, quarto plate minus 10% and cold rolled sheet minus 4%. Exports of strip mill products also dropped by minus 5% while exports of hot dipped and coated sheet increased by 11% and 9% respectively. By contrast, exports of all long products rose with the exception of rebars by 31%. Exports of wire rod, merchant bars and heavy sections all increased by 4%, 15% and 22% respectively.The year 2020 recorded a general slump of EU exports by minus 17% for finished products, reflected in all segments flat products minus 17% & long products by minus 16%.
