sanctions

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Estonia has imposed a ban on the import of Russian steel and iron

The sanctions came into force on January 9, 2023. Steel products must be returned from the border, abandoned or confiscated

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ESB seized 166,000 tons of iron ore of a Russian oligarch worth UAH 1.8 billion

The raw material, which belongs to a citizen of the Russian Federation, was located in several seaports of Ukraine

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The Belgian NLMK to resume operation of the hot rolling mill in January

Rolled steel production at the mill was suspended due to problems with the unit

Санкції проти Росії
The European Commission is considering sanctions against Russia’s mining industry

It is proposed to add a ban on new investments in the Russian mining sector to the ninth package of sanctions

Северсталь
Severstal lost more than $400 million due to the effect of Western sanctions

Due to the loss of Western customers, seizure of property and account balances in Europe, the company's income decreased

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India increased steel imports from the Russian Federation to a 4-year high in April-October 2022

In 7 months of 2022, Russian steel exports to India increased by 4.4 times y/y – up to 149 thousand tons

The export of Russian steel next year will remain at the level of 2022 — the forecast

Steel production in the Russian Federation will decrease by 6–8% y/y in 2022

Sanctions against the Russian Federation have slightly reduced Russian steel exports

Russian enterprises redirected volumes to Asia and changed the sales portfolio

All Russian Federation steel products should be subject to sanctions — Yulia Svyridenko

Ukraine is ready to replace the Russian Federation in the markets of iron ore and other products

The UK’s producers are calling for the loophole for Russian steel to be closed

Producers fear that steel from the Russian Federation, which was previously supplied to the EU, will be redirected to the UK

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Asian slabs enter the European market

Russia's NLMK is also looking for alternative suppliers for European assets

What does the eighth package of sanctions mean for the steel industry of the EU and the Russian Federation

The European Commission expanded the list of restrictions, but postponed their entry into force until 2023-2024

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