Reselling of Russian steel, pig iron via China possible but uncommon, sources say

Recent sales of Russia-origin steel and pig iron to China have stirred up discussions in the market about the possibility of a subsequent reselling of these Russian products to other countries, main in Asia, after certificates of origin are changed.

But market sources have told Fastmarkets that such a practice was unlikely to gain traction and uncommon.

Amid Western sanctions imposed on Russia following its invasion of Ukraine, Russian steelmakers...

Published

Vlada Novokreshchenova

Marina Shulga

Zihuan Pan

May 19, 2022

11:05 GMT

Dnipro