Cyclone Narelle shuts key Pilbara iron ore ports China steel emissions fall 12.2% in February India raises commercial LPG supply to 70% UK puts domestic steel first in public contracts
EU steel import quotas are tightening rapidly as the first quarter quota period draws to a close, with several country-specific limits already exhausted and many key product categories crossing the 90% usage mark. SteelOrbis reported that quotas for products from South Korea, China, Turkey and North Macedonia have either been fully used or exceeded, while other categories are nearing full exhaustion.
Among the fully used quotas, South Korea exhausted its allocations for electrical steel sheets and metallic coated sheets (4A). China exceeded its quotas for metallic coated sheets (4B) and merchant bars and light sections, while Turkey used up its rebar quota and North Macedonia exhausted its hollow sections quota. Some tonnage is already waiting for customs clearance at EU ports.
Usage is also running very high in other segments. South Korea had used 95.72% of its HRC quota and 93.27% of its metallic coated sheets (4B) quota, while the UK had used 96.73% of its metallic coated sheets (4A) quota. Taiwan and Vietnam were also near full use in their respective allocations.For steel traders, the message is clear: EU safeguard quotas remain a major factor shaping near-term trade flows, customs timing and import availability across several product segments.
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