Many European steelmakers have said they would avoid Russia-sourced raw materials after the country invaded Ukraine in late February, but import volumes of some Russian steelmaking ingredients into Europe are surging anyway.
Russian exporters boosted shipments of Russia-sourced ferrotitanium, a metallic alloy used to strengthen steel, by 30% in March from the previous month, according to import and export documents. The alloy is key to making finished steel that goes into cars, stainless steel and shipbuilding.
