sanctions

Russian steelmakers expect flat products output to fall by 23% in 2022

In general, steel production in the country may fall by 15%

Deglobalization and regionalization: global trend of the world economy

The new reality has learned Ukrainian mining & metals industry to be flexible and make quick market decisions

Polish customs arrested Metalloinvest’s iron ore and rebar

The reason of seizure were earlier imposed sanctions

US has imposed sanctions on Severstal and its major shareholder

American companies to stop operations with Severstal until August 31, 2022

Russia increases alumina imports from China because of Ukraine’s plant closure

Shutdown of the Mykolaiv alumina plant and deliveries from Australia forces the Russian Federation to look for alternative markets

Russian steelmakers are reducing production by up to 40%

They have not managed to reorient supplies from Europe to Asia

Украина не будет участвовать в повторном расследовании ЕЭК – УкрФА (c) УкрФА
Foreign buyers demand discounts of up to 40% from Russian steel companies

The reasons are sanctions, strong ruble and a sharp rise of coal and freight prices

European steelmakers concern about potential gas shortages

High energy prices have already caused steel and its production prices growth in the region

Iran may barter car parts, gas turbines for Russia’s steel

Countries may introduce barter trade, which will allow Iran to produce steel, and Russia – car parts and gas turbines

Russian steel companies expect losses and production cuts

Sanctions imposed since early 2022, taxes and a "strong" ruble make export profitability zero or negative

Russian steelmakers have sharply increased sales of semi-finished products to China

With the sanctions imposed, they had to find new markets and sell at a discount of up to 25%

Vitkovice Steel suspends operations due to slab supply interruptions

The plant lost 15.4 thousand tons of slabs due to sanctions against a Russian shipowner who delivered steel to Polish ports

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