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According to the European Commission, as the current quota period (January-March) comes to an end, several import quotas for specific categories of steel goods, particularly long products, are on the verge of being exhausted, despite low consumption in the EU.
India has almost chosen the volumes for stainless steel bars and light profiles (31.29 thousand tonnes out of 31.33 thousand), with an additional 1.84 thousand tonnes pending customs clearance. As a result, there will be a small overabundance of Indian stainless steel bars and light profiles.
Additionally, India has used up all of its imports of coated steel sheets and has selected 91.83% of its quota for hot rolled coils (HRC) composed of alloy or non-alloy steel (574.44 thousand tonnes).
China has exhausted its January-March quotas for large welded pipes (25B) and other welded pipes, 8.34 kt and 7.97 kt, respectively, as well as 90.81% of the quota for other seamless pipes.
Also Read : Global steel output remains stable in 2023, drops 5.3% in December US Steel raised steel shipments by 3.8% y/y in 2023
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