EU trade regime opens with ample CRC availability

The first allocation data for Category 2 – cold rolled flat steel – point to a relatively subdued start under the EU’s new steel import regime, Kallanish notes. As of 6 July, ample volumes remained available.

South Korea showed the highest utilisation among major country-specific allocations, with 23,511 tonnes awaiting allocation against a third-quarter quota of 63,653t, leaving 40,142t, or 63%, still available.

Türkiye followed, with 17,956t awaiting allocation against a 60,153t quota, leaving 42,197t, or 70%, available.

Taiwan, the UK and Japan remained almost fully available, while India retained 97% of its quota and Ukraine 94%.

The additional FTA Quota-CSQ has the full 33,671t still available. This mechanism only becomes relevant after eligible FTA partners exhaust their country-specific quotas. Since no country-specific CR sheet quota had been exhausted, importers had not yet moved into this second-layer FTA pool.

The “other countries” quota had 1,878t awaiting allocation against 24,934t, leaving 92% available.

The FTA Quota – Other countries pool was virtually untouched, with 21,258t of 21,284t still available.

EU TRQ allocation CR sheet (category 2) for Q3 (tonnes)
 Origin  TRQ
volume
 Balance  Awaiting
allocation
 Avaliable
TRQ tonnes
 Available
TRQ %
 Taiwan 33,587 33,587 20 33,567 100
 India 67,494 67,494 2,176 65,317 97
 Korea 63,653 63,653 23,511 40,142 63
 Türkiye 60,153 60,153 17,956 42,197 70
 United Kingdom 19,835 19,835 23 19,812 100
 Japan 29,458 29,458 62 29,396 100
 Ukraine 26,549 26,549 1,711 24,838 94
 FTA Quota – CSQ
(India, Korea, Türkiye, Ukraine, UK)
33,671 33,671         – 33,671 100
Other countries 24,934 24,934 1,878 23,056 92
 FTA Quota – Other countries 21,284 21,284 26 21,258 100
 Egypt 1,295 1,295 344 951 73
 Switzerland 746 746 1 744 100
 Brazil 3,534 3,534 3,534 100

Source: EU TARIC, as of 6 July. Complied by Kallanish