European sanctions against steel exports from Russia: status and prospects

Continued supplies from Russia create imbalances in the European market and damage local producers
How European buyers can get rid of their dependence on Russian slabs – Yuriy Ryzhenkov

The justification for the lack of cost-effective alternatives is not entirely true
EU countries propose to ban imports of Russian scrap

The proposal was submitted by Lithuania, the Czech Republic, Latvia and Estonia
EU imported 240 thousand tons of Russian iron and steel products in January

The main share of imports is semi-finished products – 78.5% of the total volume of deliveries
UK imposes new sanctions on Russian aluminum and copper producers

In particular, the two largest producers of aluminum in the Russian Federation have come under sanctions
US extends sanctions on a number of Russian iron and steel companies

Late last week, the United States announced an update to the Russian corporate segment of the SDN List
Package 12 sanctions may help production of pig iron and ferroalloys in Ukraine – Kalenkov

At the same time, the package retains loopholes in the form of transition periods and extensions of the import ban
EU imported 240 thousand tons of Russian iron and steel products in October

The main share of imports falls on semi-finished products – 89.7% of the total volume of deliveries
EU and Ukraine steelmakers criticize the easing of sanctions against the Russian Federation

In particular, the decision is condemned by the steel company Metinvest and the European steel association EUROFER
EUROFER expressed disagreement with the extension of quotas for the import of Russian semi-finished products

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

Квоты ЕС на сталь вступили в силу. Что дальше? ©
How the 12th package of sanctions will affect iron and steel products imports to the EU

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

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