steel

How macroeconomics and COVID “won” the war

In June, steel prices made back to pre-war levels

ANNOUNCEMENT: UK & Europe Steel and Raw Materials Conference

On June 27-28, Barcelona (Spain) will host UK & Europe Steel and Raw Materials Conferenceс by MMSteelClub

Ukrainian steelmakers produced 4.2 million tons of steel in January-May

Pig iron output fell to 4.15 million tons, rolled products – to 3.79 million tons

Wartime steel: how the metal market works during the war

In general, the situation in the metal trading market is cautiously optimistic

Zaporizhstal reduced rolled metal output by 53% in May

Steel and iron production also fell by more than half

In 2022, steel production in Ukraine may fall to 7.6 million tons

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

Iran may barter car parts, gas turbines for Russia’s steel

Countries may introduce barter trade, which will allow Iran to produce steel, and Russia – car parts and gas turbines

In 2021 iron & steel sector generated one third of Ukraine’s exports

Ukrainian iron & steel companies also invested $2.0 bln in 2021

The war in Ukraine will not stop global decarbonisation: scrap issue

Scrap is still the most important material for reducing emissions in steel industry

Ukraine reduced steel production by 7 times in April

The country downed to 36th place in the global ranking of steelmakers

India’s introduction of export tariffs could hit the local steel market

Having weak domestic demand, Indian steel companies want to increase metal products exports to Europe

India introduced an export duty of 15% on 11 types of metal products

Export restrictions came into force on May 22, 2022

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