Steel imports (including semis) edged down by 3% y-o-y in Q2CY25, following a 1% drop in the preceding quarter. Flats imports decreased by 9%, while longs were down by 2%. Despite the overall decline, imports remained elevated, accounting for 25% of apparent steel consumption. Leading finished steel exporters into the EU were Turkiye (41% increase y-o-y), South Korea (-16%), China (+11%), Ukraine (+44%), India (-50%), and Taiwan (-17%). The EU’s steel exports to third countries fell by 12% in Q2CY’25 following a 1% increase in Q1. Exports of finished products dropped 10%, flats by 5% and longs by a sharp 20%. The main destinations for EU steel shipments were the UK (12% increase y-o-y in finished steel exports), the US (-18%), Turkiye (-14%), Switzerland (-4%), and Egypt (-41%).
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