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Photo – European Union sharply reduced imports of pig iron from Ukraine in April
European Union sharply reduced imports of pig iron from Ukraine in April

Supplies of Ukrainian raw materials to the EU decreased by 85.2% m/m, while imports from Russia remained at a high level

Photo – European Union imported 15,600 tons of scrap from Ukraine in April
European Union imported 15,600 tons of scrap from Ukraine in April

In January-April, European importers consumed 54.2 thousand tons of Ukrainian scrap

Photo – EU tightens restrictions on steel imports as part of sanctions
EU tightens restrictions on steel imports as part of sanctions

Companies will need to prove that the materials used for processing in a third country do not originate in the Russian Federation

Photo – The EU reduced imports of iron ore from Ukraine by 9.7% y/y in January-April
The EU reduced imports of iron ore from Ukraine by 9.7% y/y in January-April

In April, deliveries of Ukrainian iron ore to EU countries fell by 16.4% m/m and by 10.4% y/y

Photo – Ukraine increased imports of flat products by 32.1% m/m in May
Ukraine increased imports of flat products by 32.1% m/m in May

The costs of Ukrainian consumers on the import of flat rolled products increased by 31.8% m/m

Photo – Ukraine reduced the import of long products by 12.9% m/m in May
Ukraine reduced the import of long products by 12.9% m/m in May

Ukrainian consumers' spending on the import of long-rolled goods decreased by 8.8% m/m

Photo – India is considering a countervailing duty on steel imports from China
India is considering a countervailing duty on steel imports from China

The proposal has been made, but the final decision has not yet been made

Photo – The UK canceled countervailing measures on imports of bars from India
The UK canceled countervailing measures on imports of bars from India

There is a minimal supply of these products from local producers on the UK market

Photo – China increased iron ore imports by 7.7% y/y in January-May
China increased iron ore imports by 7.7% y/y in January-May

In May, Chinese steelmakers increased the import of iron ore by 6.3% y/y

Photo – The EU imported 635.4 thousand tons of direct reduction iron in the first quarter
The EU imported 635.4 thousand tons of direct reduction iron in the first quarter

The main volume of products was shipped from Russia and Libya – 357.7 thousand tons and 100.5 thousand tons, respectively

Photo – Türkiye reduced scrap imports by 19.5% y/y in April
Türkiye reduced scrap imports by 19.5% y/y in April

In January-April, the total volume of import deliveries of raw materials to Turkish consumers decreased by 23% y/y

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