According to the Economic and Steel Market Outlook 2017-2018/Q4 2017 Report from the Economic Committee of the European Steel Association (EUROFER), total steel imports from third countries into the EU rose by three percent year on year in the first eight months of the current year.
EUROFER stated that the split of total finished steel imports into flat and long product imports shows strongly diverging trends in import supply. Whereas flat steel imports grew by six percent over the first eight months of this year, long product imports fell by 11 percent, both compared to the same period of the previous year.
According to the EUROFER report, as far as the main countries of origin are concerned, India is, volume-wise, the largest steel exporter to the EU so far in 2017, followed by Turkey and China and South Korea, with Russia and Ukraine coming next.