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steel import - Latest news GMK Center

Photo – US increased imports of rolled steel products by 3.7% y/y in 2024
US increased imports of rolled steel products by 3.7% y/y in 2024

The total import of steel per year increased by 2.5% y/y

Photo – Assofermet criticizes revision of EU safeguard measures on steel imports
Assofermet criticizes revision of EU safeguard measures on steel imports

The industry association calls for refraining from extending them beyond 2025

Photo – China’s steel market in 2024: export growth and domestic consumption decline
China’s steel market in 2024: export growth and domestic consumption decline

Last year, steel production fell by 1.7% to a 5-year low. Exports reached a historic high

Photo – US launches a comprehensive review of its trade relations
US launches a comprehensive review of its trade relations

Trump also announced the introduction of a 25% duty on imports from Mexico and Canada

Photo – India increased rolled steel imports to a six-year high in April-December
India increased rolled steel imports to a six-year high in April-December

Imports for 9 months of 2024/2025 financial year amounted to 7.27 million tons

Photo – The USA reduced imports of rolled steel by 13.5% m/m in November
The USA reduced imports of rolled steel by 13.5% m/m in November

Total steel imports for the month fell by 13.7% m/m

Photo – India increased rolled steel imports to an 8-year high in April-November
India increased rolled steel imports to an 8-year high in April-November

During the period, China increased the export of steel products to the country by 22.8% y/y

Photo – The European Commission starts reviewing safeguard measures on steel imports
The European Commission starts reviewing safeguard measures on steel imports

The investigation was launched at the request of 13 member states of the bloc

Photo – EU to consider extending restrictions on steel imports – Sejourne
EU to consider extending restrictions on steel imports – Sejourne

European steel industry needs protection during decarbonization

Photo – India considers imposing a 25% safeguard duty on steel imports
India considers imposing a 25% safeguard duty on steel imports

The Ministry of Steel proposes to introduce a corresponding duty on certain steel products

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