Ural Steel plans to double iron exports in 2023.

Ural Steel plans to double iron exports in 2023.

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The Ural Steel Iron and Steel Works (owned by Denis Safin’s Zagorsk Pipe Plant) plans to increase pig iron supplies to international markets by 1.7–2 times to 1.5–1.8 million tons in 2023. This was announced at a meeting with investors 13 April, 2023 the financial director of Ural Steel Denis Skrobotov told.

“Due to the weakening of the ruble and the improvement of the market conditions, pig iron sales are now becoming profitable again,” he explained. In 2022, Ural Steel exported 886,700 tons of pig iron, and 37,000 tons were delivered to the domestic market. Now, according to Skrobotov, all sales of pig iron are exported.

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