Japan, Vietnam, Taiwan, Egypt exceed EU HRC quota

The EU’s tariff-rate quotas for hot rolled coil from Egypt, Vietnam, Japan, and Taiwan were exceeded on the first day of the fourth quarter, Kallanish notes from the EU customs portal.

Each of these origin’s quotas is capped at 15% of the overall 945,665-tonne volume available in the “other countries” quota.

Japan registered an allocation of 251,333t, exceeding its quota of 141,850t by 77%. Vietnam submitted 242,292t, surpassing its quota by 71%. Taiwan filled 155,950t, exceeding its quota by 10%. Egypt submitted 144,518t, which is 2% above its quota.

Turkey, which holds the largest individual quota of 475,174t, submitted 78,991t, leaving 83% of its quota still available. In the third quarter, Turkey supplied 456,910t, with only 4% of its third-quarter quota remaining by the end of the period.

EU TRQ allocation for HRC – category 1 (tonnes)

Origin Quota 01.10-31.12.2024 Imported Balance Awaiting allocation Remaining Available TRQ % 
Russia not applicable
Türkiye 475,174 0 475,174 78,991 396,183 83
India 301,704 0 301,704 301,704 100
Korea 188,405 0 188,405 718 187,687 100
United Kingdom 157,608 0 157,608 25 157,583 100
Serbia 167,257 0 167,257 1,512 165,745 99
  Other countries, inc:
  Egypt 141,850 0 141,850 144,518 -2,668 -2
  Vietnam 141,850 0 141,850 242,292 -100,442 -71
  Japan 141,850 0 141,850 251,333 -109,483 -77
  Taiwan 141,850 0 141,850 155,950 -14,100 -10
   Australia 141,850 0 141,850 141,850 100
  Switzerland 141,850 0 141,850 141,850 100
  United States 141,850 0 141,850 141,850 100
  Libya 141,850 0 141,850 141,850 100
  Canada 141,850 0 141,850 141,850 100
 Total other countries 945,665 0 1,276,648 794,094 151,571 51
Total 2,235,812 0 2,566,795 875,339 1,360,473 76

Source: EU TARIC, as of 2 October. Calculated by Kallanish

Elina Virchenko UAE

kallanish.com