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steel exports - Latest news GMK Center

Photo – Turkey’s steel exports fell by 2.9% y/y over a five-month period
Turkey’s steel exports fell by 2.9% y/y over a five-month period

Over the same period, total steel imports rose slightly — by 0.5% year-on-year — to 7.5 million tonnes

Photo – South Korea will boost domestic demand for steel amid EU protective measures
South Korea will boost domestic demand for steel amid EU protective measures

It is expected that steel intended for the European market will now also be exported to other regions

Photo – China’s stainless steel exports fell by 30.8% y/y in January–May
China’s stainless steel exports fell by 30.8% y/y in January–May

The May figure showed equally strong growth — 27% y/y

Photo – South Korea has reached a consensus with the EU on European steel quotas
South Korea has reached a consensus with the EU on European steel quotas

The country’s Minister for Industry did not specify what volumes were involved

Photo – The trade agreement between the UK and India will come into force in July
The trade agreement between the UK and India will come into force in July

The Indian side has announced that its concerns regarding the steel trade have been taken into account

Photo – Consumption of steel products in Ukraine rose by 2.2% y/y in January–May
Consumption of steel products in Ukraine rose by 2.2% y/y in January–May

The share of imports in the domestic market rose to 46%, compared with 38% a year earlier

Photo – Iran has lifted temporary restrictions on steel exports
Iran has lifted temporary restrictions on steel exports

Slabs and flat steel products account for the lion's share of Iran's total steel exports

Photo – China’s rolled steel exports fell by 8.1% y/y a five-month period
China’s rolled steel exports fell by 8.1% y/y a five-month period

Over the same period, the country increased its iron ore imports by 6.3% y/y

Photo – Canadian steelmakers have called for an end to the tariff war between the US and Canada
Canadian steelmakers have called for an end to the tariff war between the US and Canada

Following the introduction of a 50% tariff on Canadian steel, imports of the product into the US fell sharply

Photo – Turkey increased steel exports by 11.3% y/y in April
Turkey increased steel exports by 11.3% y/y in April

At the same time, the figure fell by 3.3% y/y between January and April

Photo – China’s stainless steel exports fell by 28.5% y/y in January–April
China’s stainless steel exports fell by 28.5% y/y in January–April

Imports of these products fell by 7.8% over the first four months

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