steel export - Latest news GMK Center

India's imports of iron ore and steel are rising amid declining exports, requiring government action to remedy the situation

The effect of the export duty in the next few months will be a stabilizing factor in the market and will prevent its volatility

In April-August 2022, exports of rolled steel from India fell by 53% year-on-year – to 3.02 million tons

Steel exports for the month decreased by 23% y/y

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

The grain agreement has a target character and is part of international agreements

Shipments of flat steel products from the EU decreased by 11% y/y in 6 months, and of graded rolled stee by 21% y/y

According to the results of 5 months, Brazilian products took 15% of the total EU steel imports

4.7 million tons of rolled steel exports are expected at the same period

Additional income is due to quota shifts for non-EU countries

Over the month, export revenues amounted to $1.02 billion