icon

sanctions - Latest Articles GMK Center

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

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

Photo – Asian slabs enter the European market
Asian slabs enter the European market

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

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

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

Photo – SBI initiates confiscation of Mezhdurechensky Mining Group DF’s assets
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

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

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

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

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

Photo – European rerollers are against potential sanctions on Russian slabs
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

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

1 2 3 4 5 6 … 9