Posted on 29 Oct 2025
In January-August 2025, the European Union (EU) imported 3.59 million tons (-7.7% y/y) of steel raw materials of Russian origin. The cost of importing these products reached €1.48 billion (-20.9% y/y). This is evidenced by GMK Center calculations based on Eurostat data.
The bulk of imports consists of semi-finished products. In the first eight months of 2025, 2.37 million tonnes of semi-finished products (+10.8% y-o-y) were shipped to the EU. The cost of these imports amounted to €1.06 billion (-3.6% y/y). The largest consumers of semi-finished products from Russia are Belgium – 857.27 thousand tons (+4.6% y/y), Italy – 550.44 thousand tons (+17.6% y/y), the Czech Republic – 534.59 thousand tons (+65% y/y), and Denmark – 358.96 thousand tons (+4.1% y/y).
Large volumes of imports also fell on cast iron – 696.99 thousand tons (-26.6% y/y). The revenue of Russian iron and steel companies from supplying the relevant products to the EU market amounted to €254.45 million (-34.4% y/y). The main volumes were sent to Italy (524,620 tons, down 27.7% year-on-year), Latvia (87,270 tons, down 23.9% year-on-year), and Belgium (31,070 tons, up 1.5% year-on-year).
There were almost no deliveries of Russian-made ferroalloys to the EU market in January-August 2025 – 4.4 tons compared to 53.7 thousand tons a year earlier.
Scrap imports from Russia amounted to 52.45 thousand tons (+2 times y/y), and procurement costs amounted to €17.06 million (+15.4% y/y). Iron ore supplies amounted to 2.04 thousand tons (9.36 thousand tons in January-August 2024). At the same time, imports of direct reduced iron (DRI) during this period amounted to 474,680 tons (-34% y/y) for €147.23 million (-40.1% y/y).
In August 2025, the EU imported 225.46 thousand tons (-58.8% y/y; -45.7% m/m) of iron and steel products from Russia, including:
Revenue of Russian steelmakers from exports to the EU in August amounted to €93.39 million, which is 62.7% less y/y and 44.6% m/m.
As a reminder, the EU imported 5.34 million tons of iron and steel products from Russia in 2024. Despite sanctions, Russian producers continue to receive significant revenues from exports to the EU, with last year’s total exceeding €2.5 billion. This indicates the weak effectiveness of the current restrictions and the existence of exemptions that allow Russian steel companies to export to EU markets.
Source:GMK Center
