NLMK owner Lisin: the export of metallurgical products has become almost meaningless

This is reported by RIA Novosti.

Lisin, during his speech at the annual meeting of the Union of Industrialists and Entrepreneurs of the Lipetsk Region, noted that there were about 40% of exports for the entire metallurgical industry in Russia.

“Part of the export is covered for us, the existing Asian destinations, in particular China, are quite difficult in terms of logistics and freight costs,” he said.

According to him, a surplus of steel production has been established in China, so the products are supplied to the Chinese side at the cost level.

“Thus, if earlier export deliveries were the locomotive of volatility or price reduction in the Russian market, now they are working in the opposite direction, in fact, exports have become almost meaningless,” Lisin said.

Earlier it was reported that the Russian government introduced tariff quotas for the export of ferrous scrap and waste from June 1.

In March and

about.

Head of the Department of International Economic Relations and Foreign Economic Relations named after N.N.

Liventseva MGIMO Maria Maksakova said that a possible ban on the import of Russian metals into the EU will negatively affect the European automotive industry.