Marcegaglia completed the acquisition of the Latvian SIA Severstal Distribution

The company gained control over the SIA SD service center in Riga and subsidiaries of SD Sp.zo.o. in Poland and SD LLC in Ukraine
The UK will require reporting on the origin of steel in government projects

State projects in the country in 2020-2021 used steel worth £640 million

ARMA prepares to sell iron ore seized in Ukraine

The Agency takes measures to transfer property for sale

The USA introduced sanctions against the Russian Metaloinvest

The subsidiaries of Metaloinvest Lebedynskyi and Mykhailivskyi Minings, OEMK and the Swiss Metalloinvest Trading came under the influence of Western sanctions

The EC approved the acquisition of Marcegaglia by Latvian Severstal Distribution SIA

SD SIA controls the service center in Riga and subsidiary companies SD Sp.zo.o. in Poland and SD OOO in Ukraine
Japan bans steel exports to the Russian Federation

The ban will come into effect on April 7, 2023
State Property Fund plans to put up for privatization Mykolaiv Alumina Plant

The assets of the enterprise were confiscated from the Russian oligarch Oleg Deripaska at the beginning of a full-scale invasion of the Russian Federation
Russian suppliers of slabs reduce prices for Turkiye

Suppliers from the Russian Federation have to compete with Asian imports
EUROFER supports the strengthening of sanctions against the export of Russian iron and steel products

Due to the war, Europe lost about 20 million tons of steel from Ukraine
Canada introduced a ban on aluminum and steel import from the Russian Federation

In 2021, the country imported $213 million worth of Russian steel products
The LME suspended the arrival of Russian metals to warehouses in the United States

Currently, there are only 400 tons of aluminum alloy in the American warehouses of the exchange
Russian steel exporters lost part of their traditional markets in 2022

The decline in export sales was less than the markets had expected

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