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France’s steel product export value up 3.1 percent in Q1

Wednesday, 09 May 2012 11:25:29 (GMT+2)   -  

Tags: pipe , crc , wire , longs , flats , tubular , France , Europe , imp/exp statistics , steelmaking , European Union , Mediterranean | similar articles » SteelOrbis News

According to the statistics released by the French Ministry of Economy, Finance and Industry, in the first quarter of this year France's basic steel product and ferroalloy exports amounted to a value of €2.73 billion, increasing by 3.1 percent year on year.

The cumulative value of France's steel product and ferroalloy exports has risen steadily since March 2010 on year-on-year basis. In the first three months of 2012, steel and ferroalloys ranked seventh among the most exported products of the country.

During the period in question, France exported €527 million of steel pipes and tubes - down 13.8 percent, €123 million of cold rolled steel strip - down 19.8 percent, €108 million of cold rolled steel bars - down three percent, €108 million of cold drawn wire - up 4.7 percent, €161 million of metal structures and parts - down 1.9 percent, all compared to January-March 2011.

Meanwhile, in the January-March period of this year France's basic steel product and ferroalloy imports totaled €2.54 billion, down 11.8 percent year on year.

During the given period, France imported €456 million of steel pipes and tubes - down 8.3 percent, €153 million of cold rolled steel strip - down 18.1 percent, €131 million of cold rolled steel bars - up 1.65 percent, €107 million of cold drawn wire - down 12.3 percent, and €338 million of metal structures and parts - down 0.7 percent, all compared to the same period of the previous year.

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