- South Korea, Taiwan exhaust HRC quota volumes in Q2
- EU market sees persistently low demand, high inventories
The European Union (EU) has released the quota utilisation data for hot-rolled coil (HRC) imports for the second quarter of 2025 (Q2CY’25) between 1 April 2025 and 30 June 2025. As, of 26 June 2025, the European Union’s steel import quota utilization remains modest in several product categories, indicating subdued import activity for Q2CY’25. Countries such as India and the UK still have substantial quota volumes remaining, particularly in HRCs. However, some countries like South Korea and Taiwan have already exhausted their allocations for HRC quota volumes.
Turkiye, with the largest individual quota, has exhausted 83% of HRC quota volumes, with the remaining quota is at around 107,364 tonnes (t) out of 627,026 t. Notably, in CRCs and galvanised coils (4A & 4B category) Turkiye has exhausted the whole allocated quota volume.
India being another largest exporter to EU has modestly consumed its volume quota by merely 51,213 t out of 773,831 t. Moreover, in CRC category India has exhausted around 29% of quota and the remaining is around 248,784 t. While, for galvanised coils (4A) category, India has consumed the entire allocated volumes.
The European HRC market continues to face pressure from weak demand, high inventories and a cautious buying approach. Moreover, seasonal factors like national holidays and the start of the summer break have further slowed trade. Additionally, Indian mills are focusing on their domestic market due to better price realisations, limiting competitive offers to Europe.
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