10,727.58 TRY BIST 100 BIST 100
5.08 CNY CNY CNY
39.79 EUR EUR EUR
36.60 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
37.05 TRY Interest Interest
70.45 USD Fossil Oil Fossil Oil
33.88 USD Silver Silver
4.94 USD Copper Copper
102.49 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,518.13 TRY Gold (gr) Gold (gr)

Russia triples exports of semi-finished steel products to China

In 2024, Russian companies will have to adapt to changing conditions and competition in the market.

Russia triples exports of semi-finished steel products to China

In the first quarter of 2024, Russian steel companies tripled their exports of semi-finished steel products to China compared to the same period last year. A total of 424,600 tonnes of semi-finished steel products were exported, which led to an increase in revenue to $194 million.

The main commodity product in shipments to China is slab, which is used in the production of flat steel products.

In 2023, semi-finished steel shipments to China almost half fell to 921,000 tonnes, while cash turnover more than tripled to $431 million. After the start of the conflict in Ukraine, Asia has become one of the main markets for major slab producers in Russia, such as Severstal, Evraz and NLMK.

Experts note that the Chinese market is less profitable for Russian steelmakers due to long delivery distances and low prices in China. Nevertheless, competition in the slab market remains strong and Russian companies have to fight for their share in this segment.

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

Toyota Tsusho America Strengthens Sustainability Goals with Radius Recycling Acquisition

Friday, March 14, 2025

Morocco investigates alleged dumping of galvanized steel wire from Egypt and UAE to protect local industry

Friday, March 14, 2025

Uğur Dalbeler “If you don't have steel in your country, you don't have a country”

Friday, March 14, 2025

The upward trend in the global scrap market continues

Friday, March 14, 2025

EU imposes AD duties on certain steel products imported from Egypt, India, Japan and Vietnam

Friday, March 14, 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