One year on - after invasion of Ukraine, Russian steel output, exports drop less than expected

Russia’s output of steel products, local demand for these and export sales of such materials all dropped in 2022 as a result of the trading sanctions imposed on the country after its invasion of Ukraine on February 24, 2022 - but the reductions were smaller than the markets expected.

Local demand and steel output were partially supported by Russia’s government. And exports remained high despite the restrictions of the sanctions, mainly on demand among countries that did not impose...


Vlada Novokreshchenova

Marina Shulga

Elina Virchenko

February 24, 2023

13:58 GMT