steel export - Latest news GMK Center

Shipments increased by 40.8% y/y and 10.1% m/m

The main export destinations were Palestine, Yemen, and Albania

Exports of rolled products increased by 7% y/y, including flat products by 8% y/y, and long products by 6% y/y

The main part of the import fell on long steel – 408.24 thousand tons

In 2024, the indicator is expected to be at the level of 110 million tons

Shipments increased by 21.2% y/y

The company managed to maintain foreign markets by diversifying sales

Low domestic sales and fears of an increase in trade conflicts in the future contributed to the hyped sales

Such volumes threaten to increase tensions in global trade

In H1 2024, the company's exports reached 3.04 million tons

Due to weak domestic consumption, local steelmakers direct surpluses to unprotected export markets

The import of steel products decreased by 13.3% y/y in 6 months