9,179.48 TL BIST 100 BIST 100
31.13 $ USD USD
€33.79 EUR EUR
44.36 TL Interest Interest
83.30 $ Fossil Oil Fossil Oil
22.41 $ Silver Silver
3.84 $ Copper Copper
115.68 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,041.87 TL Gold (gr) Gold (gr)

Russia turned metal exports to "friendly countries"

Russian Industry and Trade Minister Denis Manturov reported that Russian metal production companies directed their exports to China, Turkey, Commonwealth of Independent States (CIS) countries, Southeast Asia, Africa and Latin America due to sanctions.

Russia turned metal exports to "friendly countries"

Manturov made evaluations about the Russian metal and automobile industries at the meeting held with government officials in the capital Moscow.

Stating that the state support to the Russian automobile industry, which has had a difficult time due to the sanctions, will increase, Manturov said, "We plan to increase the share of the vehicles produced in Russia in the automobile sector from 40 percent to 80 percent by 2030. With the increasing government support, we will double the automobile production until 2025, We aim to triple the production of auto parts." said.

Stating that they plan to increase their rolled ferrous metal and non-ferrous metal production, Manturov also said that they will take steps to increase the demand in the Russian domestic market.

Underlining that they changed the export routes of metal products due to sanctions, Manturov said, "Russian metal production companies are directing their exports to China, Turkey, CIS countries, Southeast Asia, Africa and Latin America, and these markets are gaining priority." he said.


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

How is the Far East market spending the week?

Wednesday, February 28, 2024

US imposes AD duties on South Korean cold-rolled steel

Wednesday, February 28, 2024

Zaporizhzhya Ferroalloy Plant continue to go on downtime in March

Wednesday, February 28, 2024

Global steel sheet markets remain flat; Türkiye's spot market recorded a decrease

Wednesday, February 28, 2024

New regulation for Canadian steel importers

Wednesday, February 28, 2024
Follow List
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
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