steel export - Latest news GMK Center

The EU agreed on the reform of the ETS and the gradual abolition of free quotas for carbon emissions

During the 8 months of t2022 financial year, the country increased the import of rolled steel by 22.5% y/

Export benefits will be applied until September 30, 2023

In 7 months of 2022, Russian steel exports to India increased by 4.4 times y/y – up to 149 thousand tons

Ukrainian iron & steel industry needs unblocking of seaports

Steel production in the Russian Federation will decrease by 6–8% y/y in 2022

In the future, this step may affect the European steel market

The production of rolled products in this period increased by 6.4% y/y

Shipments of flat rolled products from the EU decreased by 10% y/y in 8 months, and long products – by 22% y/y

As a result of the energy crisis in Europe, the production and supply of steel is reduced, which can positively affect imports from Turkiye

Steel production in India in April-September 2022 increased by 7% year-on-year

In January-August 2022, steel production by Turkish steelmakers decreased by 8.8% year-on-year