pig iron - Latest news GMK Center

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

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

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

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

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

Recovery in US demand led to moderate price increases

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

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

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

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

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

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