Italy's steel exports to non-EU countries down 16.2% in Jan-Aug

Wednesday, 21 October 2020 17:56:16 (GMT+3)   |   Brescia
       

In the January-August period this year, Italy's steel imports from non-European Union (EU) countries totaled 5.587 million metric tons, down 31.1 percent, while its steel exports to non-EU destinations amounted to 2.450 million metric tons, down 16.2 percent, both year on year, as per the data issued by the Italian steel producers association Federacciai. In both cases, the year-on-year decrease was lower compared to that recorded in the January-July period this year, reflecting an improvement in August.

In particular, in the given period imports of long products from non-EU countries decreased by 26.8 percent year on year. Wire rod imports were down 18.1 percent year on year to 127,000 mt, while bar imports decreased by 30.9 percent year on year to 94,000 mt.

Italy’s flat steel imports from non-EU countries in the same period declined by 30.3 percent year on year. Among the most imported flat steel products from non-EU countries in the given period were coils (1,659,000 mt, down 34.1 percent), cold rolled plate (483,000 mt, down 21.6 percent), and hot dip galvanized plate (270,000 mt, down 57.3 percent, all year on year).

Concerning Italian exports to non-EU countries in the first eight months this year, long product exports decreased by 15.6 percent, while flat product exports decreased by 2.2 percent, both year on year. In particular, rebar exports moved down by 24.9 percent to 265,000 mt, wire rod exports declined by 11.1 percent to 224,000 mt, while rail exports were up 181 percent to 59,000 mt, all year on year. Furthermore, coil exports decreased by 18.3 percent to 296,000 mt, while hot rolled plate exports increased by 36.9 percent to 193,000 mt, year on year.

Lastly, in the January-August period this year, Italian seamless pipe exports to non-EU countries totaled 215,000 mt, while Italian welded pipe exports came to 230,000 mt, respectively decreasing by 22.7 percent and by 26.5 percent year on year.

The details are presented in the following table, with units of measurement in thousand metric tons. 

 Products

Imports non-EU

Exports non-EU

Balance

Jan-Aug 19

Jan-Aug 20

Y-o-y change (%)

Jan-Aug 19

Jan-Aug 20

Y-o-y change (%)

Jan-Aug 19

Jan-Aug 20

Ingots and semi-finished products

3,067

2,035

-33.6

259

116

-55.2

-2,808

-1,919

Long products

325

238

-26.8

808

682

-15.6

483

444

Flat products

4,407

3,071

-30.3

816

798

-2.2

-3,591

-2,273

1st manufacturing products (*)

254

196

-22.8

924

755

-18.3

670

559

2nd manufacturing products (**)

55

47

-14.5

117

99

-15.4

62

52

Total

8,108

5,587

-31.1

2,924

2,450

-16.2

-5,184

-3,137

(*) Seamless pipes, welded pipes, forged bars, cold drawn sections and bars, drawn wire, cold rolled strips, welded sections, drawn wire.

(**) Flanges, pipe fittings, mining sections, diamond plates, pig iron powder

 


Most Recent Related Articles

Local Italian rebar market stable despite mills’ efforts to hike prices

Italian domestic wire rod prices increase

Rebar prices stable in Italy, demand still weak

EuRIC opposes any possible EU ban or restrictions on scrap exports

ArcelorMittal and Italian assets to operate as separate commercial entities