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Monday, February 28, 2011

Italy’s steel imports from non-EU countries up 53 percent in January

Monday, 28 February 2011

According to the statistics released by the Italian steel producers' association Federacciai, in January this year Italy's steel imports from non-EU countries reached 852,000 metric tons, increasing by 53.2 percent year on year, while its steel exports to non-EU countries totaled 334,000 metric tons, up five percent year on year.

In the first month of the current year, Italy's semi-finished steel product imports from the countries in question reached 293,000 metric tons, up 33.8 percent year on year, while its semi-finished steel product exports to these countries amounted to 18,000 metric tons, decreasing by 14.3 percent year on year.

In January this year, Italy's imports of long steel products from non-EU countries increased by 96.6 percent to 57,000 metric tons, while its long product exports to non-EU destinations totaled 72,000 metric tons, down 19.1 percent, both on year-on-year basis.

On the other hand, in the given month Italy's flat product imports from non-EU countries reached 468,000 metric tons, up 69 percent as compared to January 2010, while its flat product exports outside the EU amounted to 133,000 metric tons, with a yearly increase of 1.5 percent.

Product

Imports

Exports

Balance

Jan 2010*

Jan 2011

Jan 2011/10 (%)

Jan 2010

Jan 2011

Jan 2011/10 (%)

Jan 2010

Jan 2011

Ingots and semi-finished products

219

293

+33.8

21

18

-14.3

-198

-275

Long products

29

57

+96.6

89

72

-19.1

+60

+15

Flat products

277

468

+69

131

133

+1.5

-146

-335

Primary manufactured products **

24

26

+8.3

65

100

+53.8

+41

+74

Secondary manufactured products ***

7

8

+14.3

12

11

-8.3

+5

+3

Total

556

852

+53.2

318

334

+5

-238

-518



*The unit of measurement for product volumes is thousand metric tons.
** Products include seamless pipes, welded pipes, forged bars, cold drawn sections and bars, drawn wire and cold rolled strips.
*** Products include steel sections for the mining industry, scaffolding steel materials, accessories for steel pipes, flanges, checkered steel plates and iron powder.
Tags: pipe , plate , longs , flats , semis , tubular , Italy , Europe , European Union , Mediterranean

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