9,224.84 TRY BIST 100 BIST 100
38.44 USD USD USD
5.32 CNY CNY CNY
43.71 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
46.98 TRY Interest Interest
63.56 USD Fossil Oil Fossil Oil
40.67 USD Silver Silver
4.76 USD Copper Copper
98.50 USD Iron Ore Iron Ore
325.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,094.11 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

Vallourec signs USD 130 million OCTG steel pipe supply contract in Kuwait

Wednesday, April 30, 2025

Josu Pina Bilbao “SSAB is a pioneer in fossil fuel-free steel”

Monday, April 28, 2025

US steel imports increase by 11.4% in March

Tuesday, April 29, 2025

Vardhman Special Steels to set up new greenfield steel plant in Punjab

Tuesday, April 29, 2025

EUROFER and EUROMETAL join forces to support the European steel supply chain

Tuesday, April 29, 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