European Steel Association EUROFER in latest Economic & Steel Market Outlook highlighted that imports of finished steel products rose by 35% YoY in 2021, after the drop of 15% in 2020 and so did imports of flat products surged by 40% YoY & long products by 21% YoY. EUROFER said “Imports were volatile across 2020 and 2021, continuing a trend seen since 2019. After a short period of exceptionally weak demand due to the outbreak of COVID 19, imports surged for some products and showed volatility again over the second half of 2020. The increase became significantly more pronounced during 2021, particularly over the second and third quarter, when very high import levels mirrored the continued improvement in steel demand. Volatility went on over the fourth quarter.”In January 2022, imports of finished products increased by 53% YoY, as well as imports of both flat surged by 62% and long products by 27%.
European Steel Association EUROFER in latest Economic & Steel Market Outlook highlighted that imports of finished steel products rose by 35% YoY in 2021, after the drop of 15% in 2020 and so did imports of flat products surged by 40% YoY & long products by 21% YoY. EUROFER said “Imports were volatile across 2020 and 2021, continuing a trend seen since 2019. After a short period of exceptionally weak demand due to the outbreak of COVID 19, imports surged for some products and showed volatility again over the second half of 2020. The increase became significantly more pronounced during 2021, particularly over the second and third quarter, when very high import levels mirrored the continued improvement in steel demand. Volatility went on over the fourth quarter.”In January 2022, imports of finished products increased by 53% YoY, as well as imports of both flat surged by 62% and long products by 27%.
