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steel import - Latest news GMK Center

Photo – The EU reduced steel imports by 23% y/y in Q1 — EUROFER
The EU reduced steel imports by 23% y/y in Q1 — EUROFER

At the same time, the sector’s exports of steel products to third countries fell by 33% y/y in January–February

Photo – The UK has published details of new protective measures concerning steel
The UK has published details of new protective measures concerning steel

Steel imports from Ukraine will continue to be excluded from UK tariff quotas

Photo – The US reduced imports of rolled steel by 26.8% y/y in January–May
The US reduced imports of rolled steel by 26.8% y/y in January–May

Total steel imports into the country fell by 26.3% over the period

Photo – The EU’s requirement regarding the smelting and casting of steel will come into force in October
The EU’s requirement regarding the smelting and casting of steel will come into force in October

The bloc’s new regulation on steel has been published in the Official Journal

Photo – India will monitor imports of Chinese steel before introducing new restrictions
India will monitor imports of Chinese steel before introducing new restrictions

In May, the country once again became a net importer of steel products

Photo – In Britain, warnings are being issued about the threat to business posed by new steel import quotas
In Britain, warnings are being issued about the threat to business posed by new steel import quotas

The British Chamber of Commerce and Industry sees risks for the construction, engineering and manufacturing sectors

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 – South Korea is asking the EU for fair terms under the new steel measures
South Korea is asking the EU for fair terms under the new steel measures

The country is seeking access to the European market on terms no less favourable than those enjoyed by its competitors

Photo – The UK may consider easing new protective measures on steel – media reports
The UK may consider easing new protective measures on steel – media reports

Industry groups have warned the government of the risks to business

Photo – Apparent steel consumption in the EU is set to rise by 4.4% y/y in 2025 — EUROFER
Apparent steel consumption in the EU is set to rise by 4.4% y/y in 2025 — EUROFER

Steel imports into the EU accounted for 30% of total consumption last year

Photo – The EU has approved new safeguard measures on steel imports
The EU has approved new safeguard measures on steel imports

The new regulations will come into force on 1 July this year

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