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import quotas - Latest news GMK Center

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

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

Photo – European HRC importers actively use quotas for Q3
European HRC importers actively use quotas for Q3

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

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

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

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

Photo – EU importers show increased interest in Asian rolled products
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%

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

Photo – Import quotas in the EU remained unused in the first quarter
Import quotas in the EU remained unused in the first quarter

Quotas for most products were selected slowly

Photo – The UK to review steel import quotas for developing countries
The UK to review steel import quotas for developing countries

It is about steel products imported from 120 developing countries

Photo – The EU agreed with Turkey on the date of abolition of import tariffs on steel
The EU agreed with Turkey on the date of abolition of import tariffs on steel

Imports of Turkish steel are subject to tariff quotas

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