Market insight papers
EU HRC quota reset reshapes supply strategies
Track EU steel import quotas, price trends, and CBAM cost impacts to manage supply challenges and adjust procurement decisions effectively.
The reset of EU HRC quotas from 1 July alters import access, adding fixed allocations for some regions and reducing for others. Buyers face rising prices and new CBAM costs, demanding closer monitoring of trade flows and supply planning.
Key highlights include:
- EU HRC imports remain volatile: 1.4mn t in April, 0.6mn t in May.
- New quota rules from July reduce access for Turkey, India, Serbia; allocate quotas to previously exempt suppliers like Brazil and Indonesia.
- HRC ex-works Northwest Europe prices rose from €678.75/t (1 July) to €729/t (21 August).
- EU crude steel output edged higher to 11.594mn t in May before dipping in June.
- CBAM adds default costs up to €254.13/t for some imports, influencing sourcing strategies.
Download the infographic now to explore quotas and CBAM impacts
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As a leading authority on energy and commodity markets across the globe, Argus is uniquely positioned to provide in-depth analysis and expert thought leadership. Our white papers are carefully written by Argus specialists from across our company. Each white paper focuses on a topical theme, exploring areas such supply and demand dynamics, price trends, trading activity and changing regulations. We always aim to provide a balanced view, underpinned by data and insight gathered first hand from the market.