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.

  • Global Market

Malaysia imposes anti-dumping duties on certain types of flat products

The Ministry of Investment, Trade and Industry of Malaysia has announced the introduction of final…

Tuesday May 13, 2025
  • Companies

Marcegaglia increases investment in the restart of its plant in France to €800 million

The Italian steel group Marcegaglia has announced an increase in investment in the restart of…

Tuesday May 13, 2025
  • Global Market

Nucor cuts hot rolled coil prices for the second time in May

American steel company Nucor has announced a reduction in the weekly spot price (CSP) for…

Tuesday May 13, 2025
  • Global Market

India considers countermeasures against US steel duties

India is considering imposing import duties on certain goods produced in the United States in…

Tuesday May 13, 2025
  • Companies

Polish Defense Ministry disputes the updated cost of Huta Częstochowa

Poland's Ministry of Defense (MON) has filed an official protest with the Czestochowa Commercial Court…

Tuesday May 13, 2025
  • Companies

Baosteel maintains current flat steel prices for June sales

China's leading steelmaker Baosteel has maintained current prices for flat products for sale on the…

Tuesday May 13, 2025