Trade Resources Industry Views Italy's Flat Steel Imports From Non-EU Countries rose by 91% in January and February

Italy's Flat Steel Imports From Non-EU Countries rose by 91% in January and February

In the first two months this year, Italy's steel exports to non-European Union (EU) countries totaled 656,000 metric tons, down by 21.4 percent, while its steel imports from non-EU sources totaled 1.265 million metric tons, up 46.4 percent, both compared year-on-year, as announced by the Italian steel producers association Federacciai.

In particular, Italy's flat steel product imports from non-EU sources rose by 91.2 percent in January-February, while flat product exports to non-EU destinations decreased by 42.3 percent and long product exports to these countries fell by almost five percent, all year on year.

The details are presented in the following table:

Products

Imports non-EU

Exports non-EU

Balance

Jan-Feb 2012

Jan-Feb 2013

Change (%)

Jan-Feb 2012

Jan-Feb 2013

Change (%)

Jan-Feb 2012

Jan-Feb 2013

Ingots and semi-finished products

399

504

26.3

37

45

21.6

-362

-459

Long products

83

85

2.4

245

233

-4.9

162

148

Flat products

317

606

91.2

310

179

-42.3

-7

-427

1st manufacturing products (*)

52

58

11.5

211

161

-23.7

159

103

2nd manufacturing products (**)

13

12

-7.7

32

38

18.8

19

26

Total

846

1,265

46.4

835

656

-21.4

-29

-609

(*) Seamless pipes, welded pipes, forged bars, cold drawn sections and bars, drawn wire, cold rolled strips, welded sections, drawn wire.
 
(**) Flanges, pipe fittings, mining sections, diamond plates, pig iron powder

Units of measurement are thousand metric tons

Source: http://www.steelorbis.com/steel-news/latest-news/italys-flat-steel-imports-from-non_eu-countries-up-91-in-jan_feb-754279.htm
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Italy's Flat Steel Imports From Non-EU Countries up 91% in Jan-Feb
Topics: Metallurgy