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Russia - Latest news GMK Center

Photo – European rerollers are against potential sanctions on Russian slabs
European rerollers are against potential sanctions on Russian slabs

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

Photo – Turkey, China and EU increased iron & steel import from Russia in 1H 2022
Turkey, China and EU increased iron & steel import from Russia in 1H 2022

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

Photo – Russian slabs may fall under European sanctions
Russian slabs may fall under European sanctions

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

Photo – Western sanctions had almost no effect on the work of the Russian iron and steel industry
Western sanctions had almost no effect on the work of the Russian iron and steel industry

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

Photo – The Russian steel industry expects capacity underutilization according to the results of 2022
The Russian steel industry expects capacity underutilization according to the results of 2022

Steel consumption in the Russian Federation in the second quarter of 2022 decreased by 16% q/q

Photo – Russian steel producers continue to export to the EU in sanctions’ violation
Russian steel producers continue to export to the EU in sanctions’ violation

Russian NLMK supplies products to the EU market through the Belgian subsidiary NLMK Belgium Holdings SA and SOGEPA

Photo – European Novelis plants to refuse Russian aluminum
European Novelis plants to refuse Russian aluminum

One of the largest consumers of aluminum will switch to alternative suppliers from 2023

Photo – Turkish steel exporters warn about work stoppage due to Russian Federation’s dumping
Turkish steel exporters warn about work stoppage due to Russian Federation’s dumping

Turkey's exporters may stop operating in October due to reduced competitiveness

Photo – Russian Evraz has launched the process of selling its North American division
Russian Evraz has launched the process of selling its North American division

The company is currently collecting applications for the acquisition of the assets of Evraz North America

Photo – The government approved the draft decree on the confiscation of Russian assets
The government approved the draft decree on the confiscation of Russian assets

In total, the list includes 903 items, including property – 804 objects, corporate rights – 79 packages

Photo – Indian SAIL ordered 80 thousand tons of washed coking coal from Russia
Indian SAIL ordered 80 thousand tons of washed coking coal from Russia

The arrival of coking coal is scheduled in the next few weeks, and payment will be made after unloading

Photo – Will anti-dumping investigations against steel from the Russian Federation become a trend
Will anti-dumping investigations against steel from the Russian Federation become a trend

Cheap Russian steel products lead to a drop in production and income of local manufacturers

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