pig iron

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Turkey increased steel production by 7% y/y in April

Pig iron production fell by 11% y/y over the month

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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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Global pig iron production in April decreased to 117.3 million tons

The blast furnace method produced 105.1 million tons, and the direct reduction method produced 12.2 million tons

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Ukraine reduced pig iron exports by 60% m/m in April

EU and US countries significantly slowed down consumption of Ukrainian products during the month

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Ukraine increased rolled steel production by 14.2% m/m in April

Pig iron production increased by 17.3% m/m and steel production by 25.7% m/m

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Brazilian pig iron prices rose slightly in April

Recovery in US demand led to moderate price increases

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Global pig iron production in March amounted to 120.8 million tons

The blast furnace method produced 110.2 million tons, and the direct reduction method produced 10.6 million tons

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Ukraine increased rolled steel production by 3.4% y/y in Q1

Pig iron output grew by 7.2% y/y and steel output by 2.7% y/y

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Ukraine exported record volumes of pig iron since March 2021

Import growth was boosted by uncertainty over Trump's trade policy

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EU imported almost 500 thousand tons of pig iron from Russia in January

European importers used almost 70% of the annual quota for imports of pig iron from Russia

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Conditions for Ukrainian pig iron in the US are better than in Europe, – Metinvest

The reason for this situation is dumping of pig iron exports to the European market from Russia

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Global pig iron prices rose by the end of March

Growth of domestic steel production and reduction of exports contributed to price increases in key markets

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