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steel import - Latest news GMK Center

Photo – EU to consider extension of safeguard measures on steel products
EU to consider extension of safeguard measures on steel products

A new investigation was launched at the request of 14 bloc member countries

Photo – EU cuts steel imports by 11% y/y in January-November – EUROFER
EU cuts steel imports by 11% y/y in January-November – EUROFER

The import of rolled steel decreased by 13% y/y in 11 months

Photo – CBAM: a new challenge for the global steel market
CBAM: a new challenge for the global steel market

The new wave of CBAM may affect 60 million tons of steel trade by 2030

Photo – European countries increased applications for steel supplies to the United States in December
European countries increased applications for steel supplies to the United States in December

Germany and Spain doubled the volume of license applications in December

Photo – China exported 90.3 million tons of steel products in 2023
China exported 90.3 million tons of steel products in 2023

Shipments of products abroad increased by 36.2% and reached a maximum since 2016

Photo – India is in no hurry to raise import duties on steel
India is in no hurry to raise import duties on steel

The relevant department has not yet sent proposals to the Ministry of Finance of the country

Photo – USA reduced imports of rolled products by 19.7% m/m in November
USA reduced imports of rolled products by 19.7% m/m in November

Total steel imports in the USA for the month fell by 8.1% m/m

Photo – India became a net importer of rolled steel in April-November
India became a net importer of rolled steel in April-November

Chinese supplies of metal products to the country reached a 5-year high

Photo – Poland reduced rolled steel import from third countries by 8.7% y/y in September
Poland reduced rolled steel import from third countries by 8.7% y/y in September

The export of steel products for the month increased by 25.8% y/y

Photo – The Czech Republic wants to continue importing Russian slabs to the European Union
The Czech Republic wants to continue importing Russian slabs to the European Union

The country claims that they still cannot replace Russian supplies

Photo – USA increased imports of rolled goods by 16.2% m/m in October
USA increased imports of rolled goods by 16.2% m/m in October

Steel imports in the USA for the month fell by 0.3% m/m

Photo – Unesid noted violations in the import of steel products for green energy
Unesid noted violations in the import of steel products for green energy

Incorrect declaration damages the economy and the local market

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