The main part of imports was long steel, amounting to 497.54 thousand pieces. t
From January to October 2024, Germany reduced its imports of rolled steel from third countries to 630.91 thousand tons, a 5.3% decrease compared to the same period in 2023. This is evidenced by GMK Center calculations based on Eurostat data.
The import volume of flat products decreased by 5.8% from the previous year in 10 months, and the import volume of long products decreased by 5.2% from the previous year to 133.37 thousand tons and 497.54 thousand tons, respectively. Long products accounted for more than 78% of Germany’s total steel imports from January to October 2024.
The majority of imported products are wire rods (HS 7213) – 140.77 thousand tons (up 104.6% from the previous year), reinforcing bars (HS 7214) – 84.33 thousand tons (down 32.3% from the previous year), other bars and rods, hollow It was a stick. and drilling bars (HS 7228) – 63.26 thousand tons (-36.2% YoY).
The amount of rolled steel imported into Germany in October was 70,250,000 tons, down 8.8% from the same month last year. The supply of long products decreased by 15.5% from the previous year to 49,560,000 tons, and the supply of flat products decreased by 12.5% from the previous year to 20,690,000 tons.
Steel exports from Germany rose 12% year-on-year to 3.15 million tons in the 10-month period. In particular, the export volume of long products increased by 11.5% from the previous year to 1.28 million tons, and the export volume of flat products increased by 12.4% from the previous year to 1.87 million tons.
The largest exports are coated flat products (HS 7210) – 723.39 thousand tons (+32.2% y-o-y), non-alloyed steel angles, shapes and special profiles (HS 7216) – 419 thousand t (+31.5 y-o-y) %). y), and other flat products of alloy steel (HS 7228) – 411.62 thousand tons (+13.3%) p.a.
In October, Germany exported 333.33 thousand tons of rolled steel, an increase of 21.2% compared to October 2023. Exports of long products increased by 30.5% from the previous year to 147.15 thousand tons, and exports of flat plate products increased by 14.8% from the previous year to 147.15 thousand tons. 186.18 thousand tons.
As GMK Center previously reported, Germany is one of the 10 largest steel producing countries in the world, according to World Steel. Steel production in 2023 decreased by 3.9% from the previous year to 35.4 million tons, placing the country in 8th place in the world ranking of steel producing countries.
Last year’s rolled steel import volume was 759.99 thousand tons, a decrease of 31.9% compared to 2022. Steel exports decreased by 7.8% from 2022 to 3.36 million tons.
