11,048.11 TRY BIST 100 BIST 100
5.84 CNY CNY CNY
48.58 EUR EUR EUR
41.31 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
39.84 TRY Interest Interest
67.26 USD Fossil Oil Fossil Oil
56.16 USD Silver Silver
4.60 USD Copper Copper
106.61 USD Iron Ore Iron Ore
340.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,851.29 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

Trump uses “golden share” authority to block US Steel Granite City plan

Sunday, September 21, 2025

South Korea develops new guarantee product to support steel industry

Sunday, September 21, 2025

Germany’s crude steel production continued to decline in August

Friday, September 19, 2025

Czechia has called for urgent measures in the steel sector

Thursday, September 18, 2025

The amendment to the inward processing regime (IPR) will increase demand for domestically produced steel

Friday, September 19, 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