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Russia - Latest Articles GMK Center

Photo – In 2Q 2022 USA decreased pig iron imports from Russia by 91.9% y/y
In 2Q 2022 USA decreased pig iron imports from Russia by 91.9% y/y

Imports of steel semis over the same period reduced by 53.3%

Photo – EU increased pig iron imports from Russia by 2.5 times y/y in 2Q 2022
EU increased pig iron imports from Russia by 2.5 times y/y in 2Q 2022

Russian suppliers are gradually occupying the traditional export markets of Ukrainian steel plants

Photo – Ukraine has completely banned the export of goods to the Russian Federation
Ukraine has completely banned the export of goods to the Russian Federation

The government made this decision at a meeting on September 27, 2022

Photo – European rerollers are against potential sanctions on Russian slabs
European rerollers are against potential sanctions on Russian slabs

European companies and third countries cannot ensure stable supplies of semi-finished products, according to rolled steel producers

Photo – Turkey, China and EU increased iron & steel import from Russia in 1H 2022
Turkey, China and EU increased iron & steel import from Russia in 1H 2022

The most demanded Russian products are pig iron and steel semi-finished products

Photo – Russian slabs may fall under European sanctions
Russian slabs may fall under European sanctions

The slabs were not included in the fourth EU sanctions package adopted in March 2022

Photo – Western sanctions had almost no effect on the work of the Russian iron and steel industry
Western sanctions had almost no effect on the work of the Russian iron and steel industry

After 6 months of war, steelmakers from the Russian Federation are experiencing difficulties with exporting products and buying spare parts for equipment

Photo – The Russian steel industry expects capacity underutilization according to the results of 2022
The Russian steel industry expects capacity underutilization according to the results of 2022

Steel consumption in the Russian Federation in the second quarter of 2022 decreased by 16% q/q

Photo – Russian steel producers continue to export to the EU in sanctions’ violation
Russian steel producers continue to export to the EU in sanctions’ violation

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

Photo – European Novelis plants to refuse Russian aluminum
European Novelis plants to refuse Russian aluminum

One of the largest consumers of aluminum will switch to alternative suppliers from 2023

Photo – Turkish steel exporters warn about work stoppage due to Russian Federation’s dumping
Turkish steel exporters warn about work stoppage due to Russian Federation’s dumping

Turkey's exporters may stop operating in October due to reduced competitiveness

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