Egypt has seen 10,175 tonnes of its EU hot rolled coil third-quarter safeguard quota made available, despite having oversubscribed its 141,850t quota cap immediately after the current period opened, Kallanish notes.

As of 2 July, Egypt had 176,626t awaiting allocation for customs clearance. Whether the correction stems from withdrawals from quota declarations or other factors was unclear at the time of publication. The European Commission has implemented a blocking period for Egypt’s quota between 11 July and 11 August. Total awaiting allocation as of 11 July was 339t.

Vietnam, Japan and Taiwan have fully utilised their Q3 caps under the "other countries" HRC quota, each shipping 141,850t.

About 357,750t is still available under the other countries quota of 945,665t for Q3.

The US, Libya, and Canada have 100% of their other countries HRC quota caps available.

India has utilised 74% of its HRC quota. Turkey and Australia have each filled 18%.

South Korea, the UK, Serbia, and Switzerland had low quota utilisation rates, ranging from 3% to 12%.

The European Commission capped the maximum volume a single country can export under the other countries TRQ to 15% per quarter to stabilise the market, it said earlier. This category's early quota exhaustion had led to market imbalances and increased import pressure.

The Italian Customs Agency (ADM) introduced an experimental procedure for tariff quotas starting from April, allowing importers, if quotas are exhausted, to cancel or adjust their import operations without incurring additional duties.

EU TRQ allocation (tonnes) for HR sheets and strips (category number 1)
Origin Quota 1.7-30.9.2024  Imported Balance  Awaiting allocation Avaliable TRQ, % 
Russia not applicable  - - - -
Türkiye 475,174 84,143 391,031 570 82
India 301,704 222,210 79,494                               -   26
Korea, Republic of 188,405 11,369 177,037 4,128 92
United Kingdom 157,608 4,972 152,636 1,099 96
Serbia 167,257 18,215 149,041 1,322 88
  Other countries, inc          
  Egypt 141,850 131,675 10,175 339 7
  Vietnam 141,850 141,850 - - 0
  Japan 141,850 141,850 - - 0
  Taiwan 141,850 141,850 - - 0
   Australia 141,850 26,046 115,804 - 82
  Switzerland 141,850 4,183 137,666 165 97
  United States 141,850 461 141,389 1 100
  Libya 141,850 - 141,850 - 100
  Canada 141,850 - 141,850 - 100
Total other countries 945,665 587,914 357,750  - 38
Total  2,235,812 928,823 1,306,989  - 58

Source: EU TARIC, as of 11 July. Calculated by Kallanish