company news about Russian Exports By Sanctions The European Market Is In Short Supply

Russian exports by sanctions The European market is in short supply
Relevant statistics show that at the end of march, the European rebar prices soared to 1140 euros/ton, a 150% growth at the end of 2019.Hot rolled coil plate prices also hit an all-time high of 1400 euros/ton.Foreign media reports, so the European steel price surge is one of the reasons why the eu sanctions imposed some steel sales to Russia, and Russia is the world's third largest exporter of steel.
European steel price statistics institutions Argus (Argus), according to the related data of the eu from Russia, Ukraine combined steel imports account for about a third of its steel imports, the eu's imports from Russia, belarus and Ukraine rebar total account for around 60% of its global imports of rebar.
The Russian federation, the General Administration of Customs, according to the relevant data in 2021, Russia's exports to the eu's 3.7 million metric tons of steel products, Ukraine's exports to the eu countries more than 2.5 million tons of steel products.
European Union sanctions against Russia on the implementation of related measures, resulting in a large number of iron and steel products are unable to enter the European market, the obvious contradiction between supply and demand, steel prices continue to rise.