On the first day of the new EU quota period, from July 1 to September 30, some import quotas for certain types of steel products such as HRC, CRC, metal-coated sheets, organic-coated sheets, and tin products were allocated to some countries such as Taiwan, Turkey, Vietnam, and China. The number of goods awaiting customs clearance has exceeded, while more than 60 percent of quotas for some types of steel products have been consumed.
Some import quotas for certain types of steel products were used at a rapid pace, while the use of some quotas decreased compared to the previous year. The beginning of the previous quota period is from April 1 to June 30.
The exceeded quotas can be seen in the table below.
[b]Product[/b][b]Country[/b]Volume (million tons)Expected volume (million tons)Used (%)HRC (1A)Taiwan (in other countries))112,716128,722114.2CRCTurkey (in other countries)43,98947,928108.95Coated Metal Sheets (4A)Vietnam (in the "other countries" section)119,428152,277127.51Coated Metal Sheets (4B)
China129,758152,655117.65Vietnam (in the "other countries" section))21,20730,702144.77Organic Coated SheetsVietnam (in the "other countries" section))10,84359,738550.94Tin productsTurkey (in the "other countries" section)7,51015,409205.18Stainless Steel Hot Rolled SheetChina4,9745,214104.83Stainless bars and lightweight profilesChina1,3021,747134.18Wire rodAlgeria (in other countries)15,25531,410205.9Angles and sections(0:59 )Turkey (in the "Other countries" section))10,24310,503102.54In addition, SteelOrbis notes both an upward and downward trend in quota usage in the current period compared to the previous quarter. South Korea consumed 70.55% of its quota of 163,077 tons of HRC (1A), although at the beginning of the previous quota period, the country used only 44.73% of the specified quota. India used 64.44% and 61.64% of its quotas for 54,279 tons of metal-coated (4A) and 79,534 tons of organic-coated sheets, respectively, while the country's use of these quotas was 122.72% and 83.53%, respectively, at the beginning of the previous quota period. Meanwhile, India has consumed 93.91 percent of its quota of 32,114 tons of stainless steel
