UK bans import of Russian iron & steel

The UK government decided to ban Russian pig iron, and steel from April 14, 2022, against the backdrop of the Russian invasion of Ukraine. It is stated in a press release on the government’s website.

Measures are aimed to reduce Russia’s key source of income, and will hinder the military ambitions of the aggressors.

“From tomorrow we will ban the import of the Russian iron, as well as the export of quantum technologies, and advanced materials that Putin needs so much. We will not rest on our laurels in our mission to stop Putin’s war machine”, Liz Truss, British Foreign Secretary, said.

As GMK Center reported earlier, the European Union has approved the fifth package of anti-Russian sanctions. In particular, new restrictions include a ban on coal import from August, access restrictions to EU seaports, and restrictions on goods transportation by road.

As a reminder, the international rating agencies withdrew ratings of Russia, and Russian companies in connection with EU sanctions.

  • Green steel

Global carbon emissions from energy reached a historic high in 2024

Global energy-related carbon emissions increased by 0.8% year-on-year in 2024, reaching an all-time high of…

Monday April 21, 2025
  • Companies

AMNS India plans to make 70% of its steel production green by 2027

ArcelorMittal Nippon Steel India (AMNS India) plans to ensure that 70% of its steel production…

Monday April 21, 2025
  • Global Market

Spain reduced rolled steel exports by 24.4% m/m in January

Spanish steel enterprises in January 2025 reduced exports of rolled steel products to third countries…

Monday April 21, 2025
  • Global Market

European prices for hot-rolled coils declined in the first half of April

The price of hot-rolled coils in Southern Europe fell by €20/t in the first half…

Sunday April 20, 2025
  • Companies

DMZ has expanded the range of laboratory services for external customers

Dnipro Metallurgical Plant (DMZ), part of the DCH Steel group, has expanded the range of…

Sunday April 20, 2025
  • Global Market

France increased rolled steel exports by 16.9% y/y in January

In January 2025, French steel enterprises increased their exports of rolled metal products to third…

Sunday April 20, 2025