In the first four months of 2020, the total deficit of EU 42CrMo4+QT material and so on steel trade will reach 1.031 million tons / month. In the first quarter of 2020, the 42CrMo4+QT material and so on steel trade deficit is 1.032 million tons. Among them, the loss of flat steel is 482000 tons, and the surplus of long products is 82000 tons.
In terms of countries and regions, the EU and South Korea have the largest trade deficit of 42CrMo4+QT material and so on finished steel products, with 263000 tons / month, followed by Russia and Turkey, with 257000 tons / month and 62000 tons / month, respectively. In the first four months of 2020, the main export destinations of EU's finished steel trade surplus are still the United States, Switzerland and Algeria.
Once novel coronavirus pneumonia is over, business conditions are back to normal and demand for 42CrMo4+QT material and so on steel is rising again, the European Steel Association said that the unstable imports of steel and the increase of main export target properties will pose a serious threat to EU steel producers.