EU’s Import Quota for Hot-Rolled Coil from Other Countries Exhausted Rapidly
EU Nations Push for Prohibition on Russian Scrap Imports
The Czech Republic, Lithuania, Latvia, and Estonia propose an EU ban on Russian scrap imports to hinder funding for its war against Ukraine, alongside EU sanctions, including quotas on pig iron and extended slab import periods.
Red Sea tensions may disrupt the excess EU India HRC quota allocation.
Elevated shipping times in the Red Sea could delay India’s hot-rolled coil (HRC) safeguard quota in the EU from overfilling on April 1, as recent vessel tracking data suggests, impacting the clearance of Indian material and potentially delaying quota overfill until later in the month.
Ukraine’s February exports show a sequential decline.
Despite challenges from the Russian invasion and port blockades, Ukrainian semi-finished product exports decreased in February but doubled compared to last year, while pig iron and iron ore exports fluctuated, primarily directed to China.
