Export of steel semi-finished products from Russia to China decreased three times at the beginning of the year
[ad_1]
In January-February, Russia reduced the export of steel semi-finished products to China three times year-on-year, to 96,200 tons. In monetary terms, exports fell 5 times, to $46.37 million, according to Vedomosti with reference to the statistics of the General Administration of Customs of the People’s Republic of China.
At the end of 2022, Russia increased the export of steel semi-finished products to China three times to 2.3 million tons, the figure increased by the same amount in monetary terms, to $1.34 billion. production of flat steel products. The peak of deliveries was in July-October, when they exported from 252 thousand to 464 thousand tons per month. In November, there were no deliveries at all, and in December, China received only 40.1 thousand tons.
In March 2022, the EU banned the import of a wide range of steel products from Russia as part of sanctions. In general, last year steel production in Russia decreased by 7%, to 71.5 million tons. The situation turned out to be better than the gloomy forecasts of the first half of 2022, when companies predicted a fall of 15%. Nevertheless, the prospects for the recovery of output in 2023, according to analysts, look ambiguous.
Details – in the material “Kommersant” “Steel does not bend under sanctions”.
[ad_2]
Source link
