semi-finished products

What does the eighth package of sanctions mean for the steel industry of the EU and the Russian Federation

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

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Slab imports to the US decreased by 47.7% y/y in August 2022

Imports fell by 17.3% compared to July 2022

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Ukraine exported 87.6 thousand tons of steel semi-finished products in August 2022

Export of slabs and billets in August 2022 increased by 17.8% m/m, and decreased by 85.1% year-on-year

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Ukraine exported 74,400 tons of semi-finished products in July

Export of slabs and billets for January-July decreased by 64%

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In January-June, Ukraine exported 1.4 million tons of semi-finished products

Export of slabs and billets decreased by 60.8% in six months

Ukrainian steelmakers reduced semi-finished exports by 55% in 4 months

In monetary terms, exports of steel products decreased by 44.9%

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%

Ukraine decreased exports of semi-finished products by 9.5% in 2021

At the same time, export revenues rose by 48.8%

Ukraine increased revenues from exports of semi-finished products by 53%

In physical terms, shipments of this category of products, by contrast, dropped by 26.5%

Ukraine increased revenues from exports of semi-finished products by 71% in July

In physical terms, shipments of semi-finished products, by contrast, dropped by 19.7%

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