sanctions

US bans Russian ships from its ports

Earlier, a similar decision was made in the European Union

Tata Steel stopped all business activities in Russia

Company's plants already use alternative sources of raw materials

UK bans import of Russian iron & steel

The decision comes into force on April 14

EU approved the 5th package of anti-Russian sanctions

A ban on the supply of coal, and trucking companies, except the supply of food, and humanitarian aid

Severstal property worth $33 million arrested in Poland

Severstal is the largest Russian company whose property was frozen in Poland due to sanctions

Steel prices in Europe surged due to sanctions expectation

Market awaits reduction of rolled steel delivery from Russia due to new sanctions package rollout

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