01
Mar
17:23
EU sanctions hit Severstal, Metalloinvest owners, trade impacted
The list of Russian businessmen and public persons in the new, expanded EU sanctions list, published on Tuesday, includes Alexey Mordashov and Alisher Usmanov, owners of Severstal and Metalloinvest, respectively.
This makes them “subject, under EU Sanctions, to an asset freeze and the prohibition to make funds and economic resources available to them”, meaning that neither steelmakers’ production will be available for EU buyers.
Out…
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Anonymous
Very good overview of the weekly steel market.
Anonymous