According to the Economic and Steel Market Outlook 2025-2026/Q2 2025 Report from the Economic Committee of the European Steel Association (EUROFER), in the first two months of 2025, total EU exports of steel products to third countries increased by four percent. Exports of finished steel products increased by two percent with flat products exports remaining unchanged while long products exports rising by six percent in the same period.
During the first two months, the main destinations for EU steel exports were the United Kingdom, Turkey, the United States, Switzerland, India and Egypt. The first five destinations together accounted for 61 percent of total EU finished product exports. Among the major export destinations, exports of finished products rose remarkably to Algeria by 195 percent and India by 92 percent. In the given period, exports of finished products grew three percent as a result of an increase both in flat and long product exports, by two percent and seven percent respectively. During the same period, flat products accounted for 71 percent of finished product exports overall, EUROFER noted.
In the first two months of 2025, total trade deficit including semis amounted to 3 million mt per month. The deficit in the finished product trade made up 2.4 million mt of this amount.