According to the report by ECONOMIC and Steel Market Outlook 2025-2026/Q3 2025 of the Economic Committee of the European Steel Association (Eurofer), the total export of steel products of the EU to foreign markets in the second quarter of 2025 decreased by 12.0 percent in the annual calculus after increased by one percentage in the first quarter. The export of finished and flat products fell by ten percent and five percent, respectively, while the export of long -sized products recorded a sharp drop in 20 percent in annual calculus.
According to the information published by Eurofer, in the second quarter the main directions of export became the UK, Turkey, Swiss and Egypt. In these five areas, the aggregate accounted for 60 percent of the total exports of the finished products of the EU. The countries that recorded the growth of export of finished steel in annual calculus were UK with 12 percent, Serbia with four percent and Brazil with one percent. Export to Egypt was reduced by 41 percent, while export in the USA, China, Norway, Turkey and Switzerland decreased by 18, 17, 15, 14 and four percent, The shortage of finished products was 976,000 tons of this amount.
five largest trade deficits for finished products with individual trading partners for the second quarter of 2025
