Russian new service Interfax reported that Russian steel giant NLMK spokesperson said that Russia could cut steel exports by 23% in 2022. He said "The substantial decrease for rolled products is due to the fact that this type of metal product is already subject to restrictions in Europe, where most of it has been supplied. Redirecting rolled products to other markets is more difficult than redirecting semis due to other restrictions: duties, quotas and others. The biggest drop of 40%-50% will be for rolled products. Slab exports might also decrease in H2 2022 due to a price correction in the iron ore and steel markets, which will lead to lower prices for slabs in China amid still-high logistics costs.”NLMK has also forecasting 15% decline in steel output in Russia in 2022 to 59.6 million tonnes, with 26% or more than 9 million tonnes drop in H2 of 2022. Russia is on course to drop 6% YoY in H1 of 2022 to 33.3 million tonnes, including 29% to 10.7 million tonnes of hot roll, 15% to 17.5 million tonnes of long products and 6% to 14.9 tonnes of semis.