Russia

Ukraine is ready to replace the Russian Federation in the markets of iron ore and other products

Chinese suppliers will pay a duty of 19.7-22.1%, and Russian – 18.7-36.1% for another 5 years

The European Commission expanded the list of restrictions, but postponed their entry into force until 2023-2024

The new package of sanctions provides for restrictions on the import of finished products and semi-finished steel products from the Russian Federation, as well as restrictions on oil prices

Imports of steel semis over the same period reduced by 53.3%

Russian suppliers are gradually occupying the traditional export markets of Ukrainian steel plants

The government made this decision at a meeting on September 27, 2022

European companies and third countries cannot ensure stable supplies of semi-finished products, according to rolled steel producers

The most demanded Russian products are pig iron and steel semi-finished products

The slabs were not included in the fourth EU sanctions package adopted in March 2022

After 6 months of war, steelmakers from the Russian Federation are experiencing difficulties with exporting products and buying spare parts for equipment