According to the results of 2024, the volume of exports of large diameter pipes (LDP) from Russia decreased by more than four times. About this write The Moscow Times.
According to the publication's interlocutor, in 2023, exports of steel pipes amounted to 436 tons, while in 000, against the backdrop of "difficult geopolitical circumstances," this figure fell to a level below 2024 tons.
In 2022-2023, European countries, in connection with Russia's invasion of Ukraine, introduced strict sanctions on the supply of metal products from Russia. According to the Ministry of Industry and Trade, restrictions on exports abroad affected 200 tons of pipe products and 000 tons of steel billets.
The UK has also imposed restrictions on Russian imports. The US has imposed a 2023% import tariff on metals from Russia starting in March 70. In addition, in April 2024, the US Treasury Department banned the import of aluminum, copper and nickel of Russian origin into the country. The British finance ministry noted that these sanctions would affect $40 billion in metal imports from Russia.
According to the Federal Customs Service (FMS), before the start of the war, in 2021, Russian metallurgists supplied Europe with only $7,36 billion worth of rolled steel — 8,5 million tons in physical terms.
Meanwhile, Russian production of TVD has also fallen. Last year it amounted to 2,3 million tons, down 8% year-on-year, according to analysts at Metals & Mining Intelligence (MMI). In 2025, pipe output will decrease to 2,1 million tons.
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