FOCUS: Europe's Q2 long steel import quotas drying up swiftly, constraining buyers' ability to diversify purchases

The European Union's second-quarter quota for steel imports opened just one week ago, and some long steel suppliers have already used a large portion of their allocations, with sources expecting long steel volumes to be absorbed very quickly, thus depriving European customers of diverse supply options, Fastmarkets understands.

Russian mills have already consumed about 80-90% of both their rebar and wire rod allocations since the April 1 opening of the quota, Fastmarkets heard.

European Union customs...


Julia Bolotova

April 08, 2021

20:22 GMT

Dnipro, Ukraine