sanctions

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New EU sanctions against Russia could significantly affect British steelmakers

The restrictions will require evidence that the raw materials used to produce the final product do not come from the Russian Federation

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UK will keep duties on HRC from China, Brazil, Iran and Russia until 2027

Government Decision Meets Local Trade Enforcement Authority (TRA) Guidelines

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Italy accounted for more than 50% of Russian pig iron exports in January-July

Italian metallurgists imported 3.8 million tons of pig iron from Russia in 7 months. Another 1.2 million tons of products were delivered to Turkey

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The European Union imported 486.7 ths t of Russian iron and steel products in April

The main share of imports falls on semi-finished products – 72.7% of the total supply

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A new round of EU sanctions may affect Turkish steelmakers

Most of the Turkish HRC producers rely on slabs of Russian origin

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EU tightens restrictions on steel imports as part of sanctions

Companies will need to prove that the materials used for processing in a third country do not originate in the Russian Federation

od.gp.gov.ua
Odesa Prosecutor’s Office handed over 2.5 ths t of Metaloinvest’s seized iron ore to ARMA

At the beginning of the year, the department seized the Russian company's raw materials, which were located at one of the railway stations in the region

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The European Union imported 1.36 million tons of iron and steel products from Russia in January-March

The costs of importing Russian iron and steel products amounted to €662.11 million

lexinform.com.ua
The Mykolaiv Alumina Plant is preparing to resume work

Today, the company employs about 300 people

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The UK introduced sanctions against Russian MMK and Severstal

Severstal also fell under the new sanctions of Australia

dbr.gov.ua
The SBI seized more than 500 tons of Russian steel billet in the port of Odesa region

The products entered the territory of Ukraine in March 2022 for the purpose of transit transportation

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How sanctions affected the Russian steel market

In 2022, steel production in the Russian Federation decreased by 7.2%, and steel consumption – by 5%

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