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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:

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