Despite the growing industrialisation of the developing world, the EU remains both a leading steel producing region and a major global market for steel.
ISSB’s database includes trade data covering steel and steel-making raw materials for all of the EU28 member nations at both 6 digit HS tariff code level and the more detailed 8 digit EU CN tariff code level. In addition to having 100% coverage of EU28 nations, ISSB holds national trade data for the following significant Non-EU European countries: Serbia, Norway, Switzerland & Turkey. These four countries account for 97% of crude steel produced in Europe outside of the EU and together with our 100% EU coverage, ISSB data gives trade coverage for more than 99% of the steel produced within Europe as a whole.
Crude Steel Production
After two successive annual falls in European crude steel production, there was a modest 1.8% recovery in 2014, driven by increases in output in Poland, France, the UK and Benelux, partially offset by weakness in Austria and the second largest EU producer, Italy. Despite the recovery, production in the EU28 remained some 19% below than of 2007 and was even below the figure in 2012.
Below we summarise World Steel Association crude steel production data for the EU28.
Trade in Steel
EU28 Members Trade with the Rest of the World.
ISSB can assess the EU28’s trade in steel in a number of ways. For example we can assess EU28 member states’ trade with countries outside the EU. After being a significant net importer of steel over 2006-2008, in 2009 EU imports fell significantly further than exports with the result that the EU returned again to being a net steel exporter, a position maintained in 2010 despite import levels rising faster than those of exports. 2011 saw the EU return to being a net importer of steel over February-July but imports fell for seven consecutive months after peaking in May and the EU was once again a net exporter of steel over the year. As 2012 progressed and the Euro weakened against other major countries, EU exports showed an increase whilst the imports fell from the start of the year after briefly recovering before 2014 saw both imports and exports follow a similar trail, rising at the start of the year, before declining during the mid-part where exports then increased whilst imports fell back.
EU28 Members Trade with all Countries
ISSB can of course assess the trade of any EU28 members with any combination of countries.
EU28 Members Trade with Other EU Members.
ISSB can also assess the flows of steel within the EU and as an example we show below for 2014 the largest origin and destination nations for movements of steel between EU member states.
If you want to know more about the movements of steel and steel making raw materials involving European countries (both EU members and Non-EU members) please contact email@example.com or use our on-line Trade Enquiry System.