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 imports of finished products into the EU rose considerably over the second quarter of 2021 by 48% year-on-year, mirroring improved demand across the EU but also partially reflecting the record-low levels of the second quarter of 2020. In the first seven months of 2021, imports of finished products rose by 32%, imports of flat products by 35% and imports of long products by 23%. Imports of flat products over the second quarter of 2021 rose by 49% year-on-year, keeping up with the positive trend started in the first quarter of 1%. Imports of long products increased by 42% in the second quarter of 2021 as compared to 4% in the first quarter, after a slump in 2020 of minus 16%.In the first seven months of 2021, the main countries of origin for finished steel imports into the EU market were Turkey, the Russian Federation, South Korea, 59% of total EU finished steel imports. Turkey and The Russian Federation were the largest exporters of finished steel products to the EU with a share of 15.6% and 14% respectively, followed by India 13.2%, Ukraine 8.8% and South Korea 7.3%. Record increases were registered in imports from India 112% and Ukraine 79%, followed by Russia 25% and Turkey 15%, whereas imports from South Korea fell significantly by minus 20%.Customs data show that both flat and long product imports increased by 35% and 23% respectively in the first seven months of 2021. The share of long products out of total finished steel product imports was 21%. Within the flat product market segment, over the first seven months of 2021 imports of all flat products rose considerably. Imports of coated sheet grew by 58%, as well as imports of hot dipped and hot-rolled wide strip by 54%. The same trend was recorded for imports of cold-rolled sheet 24%, coated sheet 45%, hot dipped 53%, while imports of quarto plate expanded only marginally 2%. Correspondingly, all long product imports were higher in the first seven months of 2021 compared to the same period of the previous year. Imports increased for rebars by 43%, wire rod 35% and heavy sections 20%. Imports of merchant bars grew more moderately by 10%.In 2020 total imports from third countries decreased by minus 17%, following the downward trend of 2019 of minus 11%. Similarly, imports of finished products sharply dropped by minus 15%. Imports were volatile across 2020 and in early 2021, continuing a trend seen in 2019. The year 2019 had already seen unusual monthly peaks, including an all-time record level of 4.4 million tonnes in August. This was followed by much lower tonnages in the subsequent months down to subdued levels in historical terms, with more stable figures and reduced volatility up to April 2020 reflecting an exceptionally weak demand. Imports surged again for some products in July 2020 and showed some volatility from September to November, down to a 12-month low in December. Imports raised considerably once more in early 2021 and particularly over the second quarter, mirroring improvement in steel demand.