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The main volume of products was shipped from Russia and Libya – 999.51 thousand tons and 385.36 thousand tons, respectively

In particular, the decision is condemned by the steel company Metinvest and the European steel association EUROFER

Imports from the European Union increased by 44% during the 1.5 years of the agreement

The association believes that this decision weakens sanctions and contradicts the EU's climate goals

Restricting imports of pig iron from Russia is the most important decision in the new sanctions package

Customs duties are suspended until March 31, 2025

In January-October, deliveries of Ukrainian semi-finished products to EU countries fell by 11.6% y/y

Among the new restrictions included in the 12th sanctions package is also a ban on the import of direct reduction iron

In January-October, European steelmakers reduced the import of Ukrainian iron ore by 0.4% y/y

The operator of the Ukrainian energy system will become the 40th member of the association from January 1, 2024

Fixed duty rates vary from €17.6-96.5/t depending on the country and the manufacturing plant

In the European Union, industrial production decreased by 0.5% m/m in October