European long steel buyers use up almost half of import quotas as of late October

Tuesday, 23 October 2018 15:31:09 (GMT+3)   |   Istanbul

Upon review of current status of the steel import quotas imposed by the European Commission, it has been seen that long steel buyers have used up almost 50 percent of the quotas as of October 22.

Details of used and remaining quota volumes for certain products as of October 22 can be seen in the table below:

Product

Quota (volume)

Used Quota (volume)

Remaining quota (volume)

Used quota (%)

HRC

4,269,009

1,228,114

3,040,895

28.8

CRC

1,318,865

309,452

1,009,413

23.5

Electrical sheets (other than GOES)

178,704

54,944

123,760

30.7

Metallic coated sheets

2,115,054

676,066

1,438,988

32.0

Quarto plates

1,442,988

479,588

963,400

33.2

Merchant bars and light sections

728,270

301,660

426,610

41.4

Rebar

714,964

345,463

369,501

48.3

Wire rod

1,058,110

579,314

478,796

54.7

Angles, shapes and sections of iron or non alloy steel

167,817

51,342

116,475

30.6

Gas pipes

185,280

88,738

96,542

47.9

Hollow sections

387,343

196,541

190,802

50.7


Large welded tubes

258,133

39,162

218,971

15.2

Other welded pipes

296,274

123,217

173,057

41.6

Non alloy wire

393,031

172,009

221,022

43.8

 

DemetKazdal
Demet Kazdal
Editor
All Articles by the Author

After graduating from Boğaziçi University with a degree in English Language and Literature, I have spent the past 15 years developing deep expertise in the steel industry. At SteelOrbis, I serve as Head of Content Department. I write and edit comprehensive news and reports on steel markets, with a primary focus on the Turkish market as well as global market dynamics.

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