sanctions

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Russian suppliers of slabs reduce prices for Turkiye

Suppliers from the Russian Federation have to compete with Asian imports

metinvest.media
EUROFER supports the strengthening of sanctions against the export of Russian iron and steel products

Due to the war, Europe lost about 20 million tons of steel from Ukraine

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Canada introduced a ban on aluminum and steel import from the Russian Federation

In 2021, the country imported $213 million worth of Russian steel products

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The LME suspended the arrival of Russian metals to warehouses in the United States

Currently, there are only 400 tons of aluminum alloy in the American warehouses of the exchange

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Russian steel exporters lost part of their traditional markets in 2022

The decline in export sales was less than the markets had expected

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The US is introducing a 70% tariff on Russian pig iron

The duty will also be applied to other steel products from the Russian Federation

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Ukraine can replace the production of iron and steel of the Russian Federation in Europe for $74 million every month

Unblocking of ports, sufficient energy supplies, increasing the capacity of railways will allow our plants and minings to increase exports

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Iron ore worth UAH 1.8 billion is transferred to ATMA

Due to non-payment of taxes and other payments, losses of over UAH 118 million have been caused to the state

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Russia reduced iron ore exports to Europe by 4 times y/y in 2022

The export of concentrate fell by 8.5 times y/y, and pellets – by 3.7 times y/y

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How Western sanctions affect Russian steel trade

The European market remained open for raw materials from the Russian Federation, the USA introduced minimal bans

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The European Union plans to impose a new package of sanctions on Belarus

Restrictions, in particular, will apply to oil, coal, steel products and gold

eurometal.net
Russian TMK sold the Romanian pipe plant Artrom Steel Tubes

The sale of the company is likely due to pressure from the Romanian authorities to protect the industry from Russian business

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