8,026.27 TL BIST 100 BIST 100
3.90 CNY CNY CNY
28.93 $ USD USD
€31.46 EUR EUR
0.12 CNY CNY/EUR CNY/EUR
613.00 TL Interest Interest
78.38 $ Fossil Oil Fossil Oil
25.47 $ Silver Silver
3.88 $ Copper Copper
130.49 $ Iron Ore Iron Ore
375.00 $ Ship Dismantling Ship Dismantling
1,939.91 TL Gold (gr) Gold (gr)

Export of semi-finished products from Russia in 2023

In the first 6 months of 2023, the Russian Federation exported 16,149,696 tons of semi-finished products.

Export of semi-finished products from Russia in 2023

Mexico accounted for the largest share of Russia's exports with 22,5 percent, followed by Türkiye at 16,1 percent. 16.1% of this products exported to Türkiye as 972,257 tons of slab, 1,610,065 tons of billet and bloom. 

Due to demand from countries that did not impose sanctions and the fact that imports of semi-finished steel products from Russia were not prohibited in the EU, exports remained high despite these restrictions.

The EU ban on imports of rolled steel products from Russian semi-finished products will come into effect on April 1, 2024, when suppliers, in particular rebar and wire rod, will face restrictions on all steel products rolled from Russian billet.

The year 2023 was characterized by complex challenges and changes for the steel industry. The sanctions, especially the closure of the EU market for Russian steel, have forced companies to redistribute export flows. However, following the results of the first half of 2023, the metallurgical sector stabilized. Increasing domestic demand, the depreciation of the ruble and the search for alternative markets allowed the industry to return to normal.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Tangshan billet prices fall while stocks hit eight-month high

Wednesday, November 29, 2023

Egypt will import steel billets from Türkiye

Tuesday, November 28, 2023

Adapting to demand challenges, Gulf billet producers initiate price adjustments

Monday, November 27, 2023

Shifting steel tides: Türkiye's dynamic steel trade landscape revealed in import surge and export quandaries

Wednesday, November 22, 2023

Tangshan billet prices rose

Tuesday, November 21, 2023
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now