Italy's Steel Imports and Exports Decline in January-October 2024
Date:2025-01-02View:71Tags:"stainless steel sheet",316l stainless steel coil,"430 coil"
Imports Overview
In the first ten months of 2024, Italy imported 6.12 million tons of rolled steel products from non-EU countries, marking an 8.2% decline compared to the same period in 2023. The majority of imports were flat products, which accounted for 91% of total steel imports at 5.58 million tons (a 6% year-on-year decrease). Meanwhile, long product imports fell significantly by 26.2% to 541.16 thousand tons.
Among flat products, hot-rolled flat products (HS 7208) constituted the largest share of imports, totaling 3.22 million tons, though this was a 16.1% decline year-on-year. Coated flat products (HS 7210) saw an increase of 15% to 1.15 million tons, while cold-rolled flat products (HS 7209) rose by 28.4% to 535.73 thousand tons.
In October 2024 alone, Italy imported 923.07 thousand tons of rolled steel, a 19.9% drop compared to October 2023. Flat product imports for the month fell by 19.9% to 849.21 thousand tons, while long product imports declined by 19.3% to 73.86 thousand tons.
Exports Overview
Italy's steel exports also experienced a decline in January-October 2024, dropping 10% year-on-year to 1.56 million tons. Exports of long products fell by 14.3% to 870.07 thousand tons, and flat product exports decreased by 3.8% to 690.22 thousand tons.
The most exported products included hot-rolled flat products (HS 7208) at 223.1 thousand tons (a 20.9% decrease year-on-year), wire (HS 7217) at 209.44 thousand tons (down 7.3%), and rebar (HS 7214) at 159.67 thousand tons (a 23.8% drop).
In October 2024, exports totaled 163.45 thousand tons, 2.6% less than in October 2023. However, long product exports slightly increased by 0.7% year-on-year to 98.44 thousand tons, while flat product exports declined by 7.2% to 65.01 thousand tons.
Steel Production Trends
Italian steel production in 2023 declined by 2.5% compared to 2022, reaching 21.06 million tons. This decline was attributed to reduced global demand for steel products and high energy costs. Production of long products dropped by 2.9% year-on-year to 11.68 million tons, while flat product output remained relatively stable, declining only 0.1% to 9.54 million tons.
