In Q3, total steel imports (including semis) into the EU recorded flat developments y-o-y, following the drop seen in Q2 (-10%). Imports of finished products also fell (-10%) in Q3 quarter of 2023, following an equivalent decrease in the preceding quarter. Imports have displayed consistent volatility throughout 2023, mirroring the fluctuations seen in the three preceding years. Reflecting much weaker demand since the first quarter of 2022, imports have been declining over the second half of 2022 and until the second quarter of 2023, albeit continuing to show volatility. During the 11 M CY’23, imports of all steel products fell (-11%) compared to the corresponding period of the previous year.
