import

Start of the gas injection season in UGS facilities: impact on cost and market reaction

The volume of imports required for Ukraine is insignificant compared to the EU, but there are no prerequisites for a significant reduction in gas prices

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India remains a net importer of rolled steel products despite slowdown in supplies

In April, imports of steel products decreased by 11.3% y/y, but volumes are still 144 thousand tons higher than exports

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China increased steel exports by 9.9% y/y in May

Steady outstripping shipments, fueled by fears of tariff hikes, boost exports

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EU steel imports down 9% y/y in Q1 – EUROFER

The share of imports in EU steel consumption remains at historic levels despite declining supplies

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Ukraine’s trade turnover amounted to $48.2 billion in January-May

During the period, Ukraine imported $31.3 billion worth of goods and exported $16.9 billion worth of goods

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Average Brazilian pig iron prices in May fell by $30/t at once

Negative dynamics is related to US import tariffs and tax changes in Brazil

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Turkey increased scrap imports by 23.5% y/y in April

The key suppliers of raw materials are the Netherlands and the United States

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The EU has almost exhausted its annual quota for imports of Russian pig iron in 3 months

Despite the sanctions, in the first quarter, Russia exported 697 thousand tons of pig iron to the EU out of the authorized 700 thousand tons

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Ukraine increased coke imports by 64.2% y/y in January-April

The bulk of supplies are Polish products

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EU increased imports of iron and steel products from Russia by 28% y/y in Q1

The bulk of the volume is accounted for by pig iron, semi-finished steel products and direct reduced iron

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Ukraine increased imports of flat products by 22% y/y in January-April

Coated flat products account for more than 40% of imports

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