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Photo – The war in Ukraine changed the global supply of pig iron – S&P Global
The war in Ukraine changed the global supply of pig iron – S&P Global

Ukrainian steelmakers will not return to pre-war levels for a long time, Russian ones are forced to look for new sales markets

Photo – Russian Federation reduced railway transportation of steel to Europe by 13% m/m in June
Russian Federation reduced railway transportation of steel to Europe by 13% m/m in June

At the same time, rail shipments of Russian steel to Turkiye increased by 12% m/m over the month

Photo – EU tightens restrictions on steel imports as part of sanctions
EU tightens restrictions on steel imports as part of sanctions

Companies will need to prove that the materials used for processing in a third country do not originate in the Russian Federation

Photo – Russian export of slabs fell by 41% y/y in January-March
Russian export of slabs fell by 41% y/y in January-March

Deliveries to Europe in the first quarter of 2023 decreased by 26% y/y

Photo – Danieli is leaving the Russian market
Danieli is leaving the Russian market

The company has already found potential buyers for its Russian asset

Photo – How sanctions affected the Russian steel market
How sanctions affected the Russian steel market

In 2022, steel production in the Russian Federation decreased by 7.2%, and steel consumption – by 5%

Photo – Russian steel exporters lost part of their traditional markets in 2022
Russian steel exporters lost part of their traditional markets in 2022

The decline in export sales was less than the markets had expected

Photo – Russia reduced iron ore exports to Europe by 4 times y/y in 2022
Russia reduced iron ore exports to Europe by 4 times y/y in 2022

The export of concentrate fell by 8.5 times y/y, and pellets – by 3.7 times y/y

Photo – Russian TMK sold the Romanian pipe plant Artrom Steel Tubes
Russian TMK sold the Romanian pipe plant Artrom Steel Tubes

The sale of the company is likely due to pressure from the Romanian authorities to protect the industry from Russian business

Photo – Estonia has imposed a ban on the import of Russian steel and iron
Estonia has imposed a ban on the import of Russian steel and iron

The sanctions came into force on January 9, 2023. Steel products must be returned from the border, abandoned or confiscated

Photo – ESB seized 166,000 tons of iron ore of a Russian oligarch worth UAH 1.8 billion
ESB seized 166,000 tons of iron ore of a Russian oligarch worth UAH 1.8 billion

The raw material, which belongs to a citizen of the Russian Federation, was located in several seaports of Ukraine

Photo – The Belgian NLMK to resume operation of the hot rolling mill in January
The Belgian NLMK to resume operation of the hot rolling mill in January

Rolled steel production at the mill was suspended due to problems with the unit

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