On the first day of the new EU quota period from April 1 to June 30, some of the import quotas for certain steel products such as HRC, organic coated sheets and metallic coated sheets allocated for certain countries like Taiwan, India, Vietnam and China have already been exceeded with products waiting for customs clearance, while over 80 percent of quotas for some steel products have been used up.
The exceeded quotas can be seen in the table below.
Product |
Country |
Amount (mt) |
Awaiting (mt) |
Used (%) |
HRC (1A) |
Taiwan (under other countries) |
111,380 |
111,855 |
100.43 |
Metallic coated sheets (4A) |
India |
53,636 |
65,821 |
122.72 |
Vietnam (under other countries) |
118,012 |
133,843 |
113.41 |
|
Metallic coated sheets (4B) |
China |
128,220 |
140,918 |
109.9 |
Organic coated sheets |
Vietnam (under other countries) |
10,715 |
33,104 |
308.95 |
Tin mill products |
India (under other countries) |
9,276 |
49,734 |
536.16 |
Turkey (under other countries) |
9,276 |
22,985 |
247.79 |
|
Stainless cold rolled sheets and strips |
Taiwan |
46,029 |
57,843 |
125.67 |
Stainless hot rolled quarto plates |
China |
4,915 |
6,757 |
137.48 |
Angles and sections |
Turkey (under other countries) |
10,121 |
13,947 |
137.8 |
Meanwhile, India has used up 83.53 percent of its 78,591 mt organic coated sheet quota and 89.3 percent of its 31,733 mt stainless bar and light section quota. South Korea has used up 93.12 percent of its 16,105 mt quota for tin mill products, while the 15,074 mt quota for wire rod allocated for Malaysia under “other countries” has been used up to the extent of 99.44 percent.