Exports will be reduced by 90%

Issuing time:2022-05-23 14:16

According to Russian media reports on April 14, yeputuhov, Deputy Minister of industry and trade of the Russian Federation, said that Russia has banned the export of alloy waste to "unfriendly countries", which means that the export volume of Russian alloy waste will be reduced by 90%.

Data show that Russia has the largest iron ore reserves in the world, accounting for nearly one-third of the world's total reserves, about 100 billion tons. Moreover, the export volume of Russian steel products is the second in the world, second only to China. Moreover, due to the limited domestic market demand in Russia, the net export volume of Russian steel products ranks first in the world, about 26.4 million tons.

In addition, some non-ferrous metals in Russia also play an important role in the global metal supply chain. Russia has 17.4 million tons of nickel reserves, ranking first in the world. Nornickel nickel is one of the world's largest nickel suppliers. Russia's palladium metal status monopolizes the world, accounting for 40% of global palladium production.

The so-called alloy waste is not really "waste". They can be used in the production of stainless steel and special rolled metals. They can also be used as catalysts for chemical reactions in some industries.

It seems that "unfriendly countries" should not only worry about their own energy supply, but also start to consider their own supply of minerals and non-ferrous metals. (overseas steel)

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