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steel import - Latest news GMK Center

Photo – Sanction loopholes for Russian steel in the EU must be closed – Yuriy Ryzhenkov
Sanction loopholes for Russian steel in the EU must be closed – Yuriy Ryzhenkov

Many EU countries still have the opportunity to import Russian steel

Photo – The UK reduced iron and steel imports by 11% y/y in monetary terms
The UK reduced iron and steel imports by 11% y/y in monetary terms

The EU countries accounted for the largest share of imports

Photo – Turkiye to conduct anti-dumping investigations due to rising imports — TCUD
Turkiye to conduct anti-dumping investigations due to rising imports — TCUD

Currently, the country is conducting an investigation into the countries of the Far East

Photo – EU may increase safeguard measures on Asian steel imports
EU may increase safeguard measures on Asian steel imports

The European Commission may add individual quotas for some suppliers from Southeast Asia

Photo – The USA increased steel imports by 3.7% y/y in January-October 2022
The USA increased steel imports by 3.7% y/y in January-October 2022

Imports of finished steel products to the US for 10 months of 2022 increased by 19.1% year-on-year

Photo – The USA increased steel imports by 4.4% y/y in January-September 2022
The USA increased steel imports by 4.4% y/y in January-September 2022

The import of finished steel products to the USA for the 9 months of 2022 increased by 22.5% year-on-year

Photo – The EU energy crisis restrains the export of European steel to the USA
The EU energy crisis restrains the export of European steel to the USA

US consumers avoid purchases of imported steel amid low domestic prices and short delivery times

Photo – Steel imports from Russia negatively affected prices in China
Steel imports from Russia negatively affected prices in China

In September 2022, China imported 895,000 tons of steel

Photo – Türkiye reduced steel imports by 2.7% y/y in January-August 2022
Türkiye reduced steel imports by 2.7% y/y in January-August 2022

Product deliveries from Ukraine decreased by 75.5% y/y due to the blockade of Ukrainian ports

Photo – The USA increased steel imports by 8.8% y/y in January-August 2022
The USA increased steel imports by 8.8% y/y in January-August 2022

Imports of finished steel products to the USA for 8 months of 2022 increased by 28.7% y/y

Photo – The share of imports in the rolled steel market in the USA is estimated at 23% in August 2022
The share of imports in the rolled steel market in the USA is estimated at 23% in August 2022

The permitted volume of rolled steel imports into the United States in August 2022 was 2.063 million tons

Photo – India has became a net steel importer in July for the first time since January 2021
India has became a net steel importer in July for the first time since January 2021

The largest share in the total steel imports in April-July was hot-rolled products made of non-alloyed steel

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