EU Steel Safeguard Measures were partly motivated by the fear that US measures would detour to EU the steel flows losing their markets in US as well as in other parts of the world. The following charts will illustrate how recent prevailing global steel protectionism and EU steel safeguards have impacted EU steel export and import. 

 

  1. EU steel export
  • Despite a more and more protectionist market environment, EU mills deliveries into export markets did only slightly fall by -1,7 % in first 6 months of 2019. 
  • Exports of Strip Mill Products did increase significantly, whereas exports of longs dropped heavily, explaining the overall negative development of exports by EU mills.
  • EU mills were able to increase All Steel Products exports mainly to emerging economies in Asia and Central America, whereas exports to some traditional export markets did slump.
  • EU export quantity of Strip Mill Products also increase which destinations are mainly Mideast, Africa, Southeast Asia, but also to Turkey and Central America (Mexico).
  1. Non EU steel import
  • EU Steel Safeguards measures had a strongly negative impact on non EU imports of Long Steel Products and Quarto Plates. Non EU imports of Strip Mill Products did even slightly rise when comparing first 7 months 2019 with corresponding period of 2018.
  • Regarding All Steel Products from non EU import sources it is worth noting that EU Safeguards and AD Measures triggered the rise of imports coming from more exotic sources during first 7 months of 2019. Traditional sources like Turkey and China did also rise their imports to EU. 
  • During first 7 months of 2019 the level of non EU Strip Mill Products imports was sustained mainly due to the surge of imports from China, prominently in Metallic Coated Flats for automotive use and for other use.

Since the fierce protectionist market environment in 2019, EU steel export and import as well as Non EU steel export and import also have been affected a lot, which leads to steel movement changings in the worldwide steel market.

Source: Eurometal

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