Severstal’s Metal Products, Which Europe Refused, Will Go To Africa And Asia

Severstal has discovered a alternative for the European gross sales markets. By July of this yr one of many largest metallic producers will reorient provide routes and restore export volumes.

Now, as a substitute of Europe, which rejected Russian metal, the merchandise will go to South Africa and Asia.

“Now we’re constructing logistics chains, quota cargo of metals by rail. We’re ready for the opening of the Volga-Balt River and the opening of the Northern Sea Route. I believe we are going to absolutely restore the gross sales chains reoriented to the markets of South Africa, South America and Asia by July,” commented Governor Oleg Kuvshinnikov.

Particularly such nations as Iraq, Jordan, Vietnam, China, and India will turn into markets. The corporate can also be planning to extend the provides to the home Russian market.

The provides of Severstal to Europe stopped on March 2 after the European Union imposed sanctions towards the corporate’s billionaire proprietor Alexei Mordashov.