9,659.48 TRY BIST 100 BIST 100
37.83 USD USD USD
5.24 CNY CNY CNY
40.78 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
46.25 TRY Interest Interest
74.48 USD Fossil Oil Fossil Oil
33.77 USD Silver Silver
5.04 USD Copper Copper
102.21 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,803.99 TRY Gold (gr) Gold (gr)

EU slashes Russian metallurgical imports in first half of 2024

The reduction in imports could have significant implications for the EU’s metallurgical industry, potentially leading to increased costs or the need to seek alternative suppliers.

EU slashes Russian metallurgical imports in first half of 2024

In the first half of 2024, the European Union has significantly reduced its imports of metallurgical raw materials from Russia compared to the same period in 2023. The data shows a notable decline across three key categories; semi-finished products, direct reduced iron (DRI), and pig iron.

Imports of semi-finished products saw a sharp decrease, dropping from 2,000 units in 2023 to 1,500 units in 2024. Similarly, DRI imports fell from 800 units to 600 units, and pig iron imports decreased from 600 units to 400 units. This trend reflects a broader shift in the EU’s trade dynamics, potentially influenced by geopolitical tensions, economic sanctions, or efforts to diversify supply sources.

The reduction in imports could have significant implications for the EU’s metallurgical industry, potentially leading to increased costs or the need to seek alternative suppliers. It also highlights the ongoing impact of international relations on trade and industry.

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

ERDEMİR published its integrated annual report for 2024

Wednesday, April 2, 2025

Russian billet prices increased in March

Wednesday, April 2, 2025

Kıraç Galvaniz sold solar mounting system for the SPP project in Romania

Wednesday, April 2, 2025

Leyen warns of new tariffs against the US

Wednesday, April 2, 2025

Trump’s Tariffs Took a Toll on American Manufacturers’ Finances

Friday, March 28, 2025
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
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