“According to the results of 2024, the volume of export of large-diameter pipes (TBD) from Russia decreased more than four times.”, — write: epravda.com.ua
According to the results of 2024, the volume of export of large-diameter pipes from Russia decreased by more than four times. The Moscow Times writes about it. According to the interlocutor of the publication, in 2023 the export of steel pipes amounted to 436,000 tons, while in 2024, against the background of “difficult geopolitical circumstances,” this indicator fell to a level below 100,000 tons. In 2022-2023, in connection with Russia’s invasion of Ukraine, European countries introduced strict sanctions on the supply of metal products from Russia. According to the Ministry of Industry and Trade, restrictions on export abroad affected 200,000 tons of pipe products and 700,000 tons of steel blanks. Advertisement: Big Britain also imposed restrictions on Russian imports. The USA has imposed 70 percent import duties on metals from Russia starting in March 2023. In addition, in April 2024, the US Treasury banned the import of aluminum, copper, and nickel of Russian origin into the country. The British Treasury noted that these sanctions will affect $40 billion worth of metal imports from Russia. According to the data of the Federal Customs Service (FMS), before the start of the war, in 2021, Russian metallurgists delivered to Europe only $7.36 billion – 8.5 million tons of rolled steel in natural terms. Meanwhile, TVD production also fell in Russia. Last year, it amounted to 2.3 million tons, having decreased in annual terms by 8%, according to analysts of the Metals & Mining Intelligence (MMI) agency. In 2025, the output of pipes will decrease to 2.1 million tons.