Overseas
February 28, 2022
CRU: Russian Disruption Means Big Global Supply Gaps
Written by Matthew Watkins
By CRU Principal Analyst Matthew Watkins and Research Analyst Christopher Dix, from CRU’s Global Steel Trade Service, Feb. 28. Contributors Erik Hedborg, Dmitry Popov, Ryan McKinley and Clare Hanna.
Following the escalation of the situation in Ukraine, we set out what positions Russia has currently in the export market through the steel value chain. In the short term it is likely that the market will see disruption in any or all of these areas. In turn that disruption could stem from multiple sources such as compliance with international sanctions, risk minimization around possible future sanctions compliance, interruptions to logistics chains, or insurance and financing risk. However the disruption arises, at this stage we can say that it is both likely and given the scale of Russia’s involvement in the global industry, likely to be material to the market.
