sanctions

The European Union agreed on the eighth package of sanctions against Russia for €7 billion

The new package of sanctions provides for restrictions on the import of finished products and semi-finished steel products from the Russian Federation, as well as restrictions on oil prices

SBI initiates confiscation of Mezhdurechensky Mining Group DF’s assets

The Bureau of Investigation continues to conduct research on companies owned by Russian structures or citizens

In 2Q 2022 USA decreased pig iron imports from Russia by 91.9% y/y

Imports of steel semis over the same period reduced by 53.3%

EU increased pig iron imports from Russia by 2.5 times y/y in 2Q 2022

Russian suppliers are gradually occupying the traditional export markets of Ukrainian steel plants

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Ukraine has completely banned the export of goods to the Russian Federation

The government made this decision at a meeting on September 27, 2022

European rerollers are against potential sanctions on Russian slabs

European companies and third countries cannot ensure stable supplies of semi-finished products, according to rolled steel producers

Turkey, China and EU increased iron & steel import from Russia in 1H 2022

The most demanded Russian products are pig iron and steel semi-finished products

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British steelmakers called for stopping Russian origin steel import

The processing of semi-finished products in a third country creates a loophole for circumventing sanctions

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Russian slabs may fall under European sanctions

The slabs were not included in the fourth EU sanctions package adopted in March 2022

Western sanctions had almost no effect on the work of the Russian iron and steel industry

After 6 months of war, steelmakers from the Russian Federation are experiencing difficulties with exporting products and buying spare parts for equipment

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The Russian steel industry expects capacity underutilization according to the results of 2022

Steel consumption in the Russian Federation in the second quarter of 2022 decreased by 16% q/q

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