HRC bucks EU imports decline in 2023

EU hot rolled coil imports in 2023 increased by almost 18% year-on-year, according to the latest data shared by EUROMETAL and compiled using official customs numbers.

Overall, HRC imports surpassed 18 million tonnes. Italy was the largest importer with over 3.5mt, followed by Spain with 1.3mt, and Belgium with 900,00t, Kallanish notes.

The recovery in HRC imports nevertheless bucked the overall import trend last year in Europe. According to the same data, EU imports of flat products – including non-alloy and stainless – decreased 3% y-o-y to 19mt.

Similarly, all other major steel products imports registered a decrease in 2023.

Metallic coated sheet imports fell 18% y-o-y to 3.6mt, while cold rolled coil imports were down 1.5% to 2.5mt.

On the longs side, overall imports of non-alloy and stainless products registered a decrease of 20% y-o-y to 7.5mt. Rebar imports were down 29% to 1.2mt and wire rod imports decreased 25% to 2mt.

Emanuele Norsa Italy