Russia - Latest news GMK Center

Weak domestic demand in Russia led to an increase in steel exports in 2025

Some MEPs and steel companies demand to remove exemptions from sanctions against steel from Russian Federation

Russia was able to partially reorient steel supplies to Asia and MENA countries, but this reduced export margins

Semi-finished steel products, direct reduced iron and pig iron account for the bulk of the volume

Continued supplies from Russia create imbalances in the European market and damage local producers

At the same time, the package retains loopholes in the form of transition periods and extensions of the import ban

European producers continue to buy products from the Russian steel industry, since the current sanctions do not ban imports completely

Italian metallurgists imported 3.8 million tons of pig iron from Russia in 7 months. Another 1.2 million tons of products were delivered to Turkey

Ukrainian steelmakers will not return to pre-war levels for a long time, Russian ones are forced to look for new sales markets

At the same time, rail shipments of Russian steel to Turkiye increased by 12% m/m over the month

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

Deliveries to Europe in the first quarter of 2023 decreased by 26% y/y