Russia set to dominate Black Sea steel market in Q1, Ukrainian industry crippled by war

With Ukraine’s steel production infrastructure destroyed, idled or under Russian control, the Black Sea export market is unlikely to return to pre-war patterns any time soon and prices in the region will predominantly reflect Russian exports for the foreseeable future, market sources have told S&P Global Commodity Insights. Ukrainian steel exports to the spot market, although ongoing despite the devastating…

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