9,334.13 TL BIST 100 BIST 100
31.10 $ USD USD
€33.71 EUR EUR
43.99 TL Interest Interest
82.53 $ Fossil Oil Fossil Oil
22.53 $ Silver Silver
3.85 $ Copper Copper
113.60 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,034.63 TL Gold (gr) Gold (gr)

China continues to lead in EU steel quota filling

China continues to lead the European Union in steel production by rapidly filling its steel quotas. According to SteelRadar's weekly EU quota assessment, China continues to fill its steel quotas even though EU quota filling rates remained slow in the first week of December.

China continues to lead in EU steel quota filling

For the October 1 - December 31 filling period, EU steel quotas remain stable in the first week of December. However, China maintains its leading position by quickly utilizing some of its quotas.

China has fully utilized its quota of 127,995 tons of 4B metallic coated sheet, 6,987 tons of sheet piling and 8,058 tons of welded tubes.

In addition, the filling rates of quotas for various steel products are also noteworthy. China used 22.66% of its quota for stainless HR quarto plate, 63.07% of its quota for merchant bars and light sections, 2.28% of its quota for stainless wire rod, 30.07% of its quota for railway materials, 28.18% of its quota for stainless seamless tubes, 93.95% of its quota for other seamless tubes, 26.50% of its quota for cold drawn bars, and 23.35% of its quota for non-alloy steel wire.

Other countries tend to use their quotas more carefully. This difference in EU steel quota utilization rates provides an important example of how global economic fluctuations and political factors affect the steel sector.

The EU quota utilization rates of countries are as follows:


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Ukraine steel shows export growth in January 2024

Tuesday, February 27, 2024

Taiwan steel manufacturers adjust prices amid market dynamics

Tuesday, February 27, 2024

Indonesian company MIND ID increases its stake in Vale Indonesia for nickel mining

Tuesday, February 27, 2024

A decrease in Türkiye's ferroalloy trade was recorded in 2023

Tuesday, February 27, 2024

Russia leading the increase in coking coal supplies to India

Tuesday, February 27, 2024
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now