European Steel Association EUROFER announced that in the first eleven months of 2021, imports of finished products rose by +391, imports of flat products by +431 and imports of long products by +251. Over the second quarter, imports from third countries of finished products, flat products and long products had increased by +471, +491 and +421 respectively. In the first eleven months of 2021, the main countries of origin for finished steel imports into the EU market were Turkey, Russia, South Korea, India and Ukraine. These five countries represented 56% of total EU finished steel imports. Turkey and Russia were the largest exporters of finished steel products to the EU with a share of 15.5% and 12.8% respectively, followed by India at 11.9% Ukraine 8.3% and South Korea 7.4%. In the first eleven months of 2021. The share of long products out of total finished steel product imports was 21%. Over the third quarter of 2021 imports of both flat and long products grew as well, by +52% and +26% respectively.In the first eleven months of 2021, exports of finished products dropped by 5% and exports of flat products dropped by 7%, whereas exports of long products increased by a meager 1%. The main destinations for EU steel exports over the first eleven months of 2021 were the UK, Turkey, United States, Switzerland and China, followed by Egypt, India and Russia. The first five destinations together accounted for 55% of total EU finished product exports. The most significant increases in EU exports were recorded in the US at +33, Switzerland +91) and UK +6%, while the largest decreases were observed in Egypt -36%, China -19 and Turkey -15.
European Steel Association EUROFER announced that in the first eleven months of 2021, imports of finished products rose by +391, imports of flat products by +431 and imports of long products by +251. Over the second quarter, imports from third countries of finished products, flat products and long products had increased by +471, +491 and +421 respectively. In the first eleven months of 2021, the main countries of origin for finished steel imports into the EU market were Turkey, Russia, South Korea, India and Ukraine. These five countries represented 56% of total EU finished steel imports. Turkey and Russia were the largest exporters of finished steel products to the EU with a share of 15.5% and 12.8% respectively, followed by India at 11.9% Ukraine 8.3% and South Korea 7.4%. In the first eleven months of 2021. The share of long products out of total finished steel product imports was 21%. Over the third quarter of 2021 imports of both flat and long products grew as well, by +52% and +26% respectively.In the first eleven months of 2021, exports of finished products dropped by 5% and exports of flat products dropped by 7%, whereas exports of long products increased by a meager 1%. The main destinations for EU steel exports over the first eleven months of 2021 were the UK, Turkey, United States, Switzerland and China, followed by Egypt, India and Russia. The first five destinations together accounted for 55% of total EU finished product exports. The most significant increases in EU exports were recorded in the US at +33, Switzerland +91) and UK +6%, while the largest decreases were observed in Egypt -36%, China -19 and Turkey -15.
