10,105.37 TRY BIST 100 BIST 100
4.93 CNY CNY CNY
35.65 USD USD USD
37.18 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
38.62 TRY Interest Interest
78.76 USD Fossil Oil Fossil Oil
30.68 USD Silver Silver
4.26 USD Copper Copper
105.34 USD Iron Ore Iron Ore
339.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,155.64 TRY Gold (gr) Gold (gr)

The EU wants to stop importing pig iron and HBI from Russia

The 12th package of anti-Russian sanctions adopted by the European Union included a suspended ban on the import of Russian commercial pig iron and hot briquetted iron (HBI).

The EU wants to stop importing pig iron and HBI from Russia

Supplies of pig iron from Russia to EU countries should completely stop at the beginning of 2026. For the next two years, quotas have been introduced in the amount of 1.14 million tons until December 31, 2024 and 700 thousand tons for 2025. For HBI, they are respectively 1 .14 ​​million tons and 651.906 thousand tons.

The European Commission also banned the import of Russian ferroalloys. Contracts concluded before December 19, 2023 can be executed until December 20, 2024. Imports of Russian billets to EU countries should stop from April 1, 2024.

 

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Emirates Steel started rebar sales in February

Thursday, January 23, 2025

ArcelorMittal calls for urgent action in Europe

Thursday, January 23, 2025

European steel prices surge

Thursday, January 23, 2025

Price discrepancies between domestic and imported galvanized steel in the UAE market

Thursday, January 23, 2025

UK cancels protection action on category 2 steel products

Thursday, January 23, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now