import quotas

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Turkiye exhausts part of its import quotas for steel products to the EU for the first quarter

Quotas for some items have also already been chosen by China and India

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European rolled steel producers may reduce production in the fourth quarter

Thus, EU steelmakers will try to balance supply and demand

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Exporting countries exhausted the EU quotas for the III quarter for some items

The volumes of deliveries of certain steel products before the end of the quota period were exceeded

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EU expects imported rolled steel supplies of 0.6-1.2 million tons in the new quota period

The quota for October-December is 933.74 thousand tons

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Exhaustion of import quotas for HRC in the EU will promote demand for local products

The market believes that European producers may try to raise prices

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European HRC importers actively use quotas for Q3

About 40% of the total import quotas for hot-rolled coils have already been used

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China has used more than 60% of the quotas for steel imports into the EU since July 1

In the current quarterly EU quota period, China is subject to the most restrictions, 23 out of 29

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Tata Steel UK imports 25 thousand tons of hot-rolled coil from India

The products are mainly intended for the company's distribution centers

EU importers show increased interest in Asian rolled products

Quotas for the import of such products in the second quarter of 2023 have been exhausted by 96%

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The use of EU steel import quotas accelerated in the second quarter

In the first quarter, a slowdown in the rate of quota utilization was observed amid reduction in imports of key types of steel

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Import quotas in the EU remained unused in the first quarter

Quotas for most products were selected slowly

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