According to the European steel association EUROFER, in October this year EU-27 flat steel exports totaled 1.377 million tonne, down one percent, while long steel exports amounted to 1.059 million tonne up 18.58%, both compared to September. Accordingly, overall EU 27 steel exports in October totaled 2.435 million tonne, up 6.6% MOM and up two percent year on year.
In October, ex-EU long steel exports increased sharply month on month, exceeding the 1 million tonne level for the fourth month this year following three months in a row below 900,000 tonne. In the given month, the long steel product export volume almost reached the peaks recorded in May and June this year.
In the last two months covered by EUROFER figures, the YoY steel exports growth rate slowed down from the double digits recorded in August. Year to date, the growth rate is almost equal at 7 percent both for long and flat products.
