- Sputnik International, 1920
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

EU Increases Purchases of Russian Iron, Steel, and Aluminum

© Sputnik / Evgeny Biyatov / Go to the mediabankSteel bars
Steel bars  - Sputnik International, 1920, 01.06.2024
In March 2024, the European Union (EU) increased purchases of Russian metals. The ramp-up mainly stems from a significant rise in demand from Belgium and Germany, Sputnik has assessed, based on the bloc’s statistics.
In March, Moscow became the second main supplier of iron and steel to the EU, increasing its exports by 1.7 times, up to 328 million euros (in monthly terms). This is the highest number since May 2023, when EU countries bought 369 million euros' worth of these metals.
Belgium became the number one buyer, as the country increased its imports by 3.5 times, up to 130.5 million euros. This was Belgium’s largest purchase since June 2022. Italy increased its purchases by 25%, to 85 million euros, and Denmark did so by 30%, to 35.1 million euros.
The top five buyers also include the Czech Republic (23 million euros) and the Netherlands (20 million euros). Meanwhile, Hungary resumed imports from Russia following a four-month break, buying iron and steel worth 13.7 million euros.
Wheat - Sputnik International, 1920, 22.05.2024
EU Sees Surge in Russian Grain Imports
At the same time, Russia’s aluminum shipments rose by 29% month-on-month to 91.4 million euros, the highest figure since October 2023.
The export growth can be explained by rising demand from Germany. The country has seen a fivefold surge of aluminum imports, which stand at 22.4 million euros today. Spain (+69%) and Poland (+21%) also both expanded their imports.
To participate in the discussion
log in or register
Заголовок открываемого материала