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30 Nov

EU’s Russia slab quota leaves room to spare

EU importers did not exhaust the first-year quota for Russia-origin slab imports permitted by the bloc’s eighth sanctions package effective October 2022. EU imports of this product reached 2.89 million tonnes between October 2022 and September 2023, versus the quota of 3.748mt, Kallanish notes. Russia-origin slab imports in the nine months through September 2023 were 2.34mt, down 17% on-year and 3.12mt on an annualised basis for 2023. Full-year 2021 imports,…
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