Total EU steel product imports down 35% year-on-year in August

The total amount of imports of finished steel products in the European Union was down 34.7% in August 2012, according to figures released by the European steel association Eurofer.

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Total imports into the 27 member states fell to 1.005 million tonnes, from 1.538 million tonnes in August 2011, with imports for flat products showing the sharpest drop of 35.4% year-on-year to 839,000 tonnes.

Imports of long products also fell by 30.5% year-on-year to 166,000 tonnes, compared with 239,000 tonnes in the corresponding month in 2011.