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From January to April 2024, the EU's imports of semi-finished products from Russia decreased by 3.8% year-on-year, to 1.2 million tons, a decrease of 3.8% year-on-year. Semi finished products account for 79.3% of the total import volume, making them the largest import category. The import value decreased by 16.3% year-on-year to 801.5 million euros. Belgium is the largest importer of semi-finished products to the European Union, with an import volume of 482800 tons, a year-on-year decrease of 7%.
It is worth mentioning that the EU JSC1180Y steel has extended Russia's slab quota to September 2028, with a total quota of 8.5 million tons.
The import volume of pig iron decreased by 23.4% year-on-year, to 2691800 tons. Italy is a major consumer country with an import volume of 167700 tons, a year-on-year decrease of 42%.
The import volume of iron ore has dropped significantly by nearly 98% year-on-year, to 936000 tons. Slovakia is the only importing country, with a year-on-year decrease of 93% in import volume.
The import volume of scrap steel JSC1180Y steel decreased by 4.8% year-on-year, to 796000 tons. Lithuania is the largest importer, with an import volume of 7100 tons, a year-on-year increase of 0.7%.
The import volume of ferroalloys increased by 70.3% year-on-year, reaching 284100 tons. The import volume of the Netherlands was 20800 tons, an increase of 106.5% year-on-year.
In April 2024, the import of MMC products from Russia by the European Union decreased by 16.4% year-on-year, to 40704 million tons, a month on month decrease of 23.8%. The import value was 217.7 million euros, a year-on-year decrease of 17.1%.
In 2023, the import volume of MMC products from the European Union decreased to 4.8 million tons, a year-on-year decrease of 39.5%. The import volume decreased by 38.5% year-on-year, to 2.4 billion euros. Semi finished products remain the main import category, accounting for 69.4% of the total JSC1180Y steel.
