Italy’s steel imports up by 21 percent in January-May

Wednesday, 27 July 2011 17:58:43 (GMT+3)   |  
According to the statistics released by the Italian steel producers' association Federacciai, in the first five months of the current year Italy's overall steel imports reached 8.84 million metric tons, increasing by 20.9 percent, while its steel exports totaled 7.47 million metric tons, up 13.8 percent, both compared to January-May 2010.

In the period in question, Italy's semi-finished steel product imports reached 1.73 million metric tons, up 5.7 percent year on year. Meanwhile, the country's semi-finished steel product exports amounted to 377,000 metric tons, down 14.3 percent year on year.

In the first five months of 2011, Italy's imports of long steel products increased by 23.6 percent to 1.14 million metric tons, while its long product exports totaled 1.47 million metric tons, up 5.7 percent, both year on year.

On the other hand, in the same period Italy's flat steel imports reached 4.89 million metric tons, up 26.4 percent year on year, while its flat product exports amounted to 3.28 million metric tons, with a year-on-year increase of 20.8 percent.

  Product

Imports

Exports

Balance

Jan-May 2010

Jan-May 2011

Change y-o-y (%)

Jan-May 2010

Jan-May 2011

Change y-o-y (%)

Jan-May 2010

Jan-May 2011

Ingots and semi-finished products

1,641

1,734

+5.7

440

377

-14.3

-1,201

-1,357

Long products

924

1,142

+23.6

1,397

1,476

+5.7

+473

+334

Flat products

3,872

4,895

+26.4

2,721

3,286

+20.8

-1,151

-1,609

1st manufacturing products (*)

450

574

+27.6

1,869

2,176

+16.4

+1,419

+1,602

2nd manufacturing products (**)

93

96

+3.2

143

160

+11.9

+50

+64

Total

6,980

8,441

+21.3

6,570

7,475

+13.8

-410

-966

(*) 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

Units of measurement are thousand metric tons.


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