Impact of Russian coal import ban on EU & UK steel industries
14 Apr 2022 16:50 reported by Ranny Fang
The EU formally adopted the fifth package of sanctions against Russia, including a ban on coal imports. Existing contracts will have to end by the second week of August. In addition, the UK stated that it would ban Russian coal imports by the end of 2022.
Most of Russia's coal exports are thermal coal for power stations, but it also exports metallurgical coal for steel blast furnaces.
ArcelorMittal, the world's second-largest steelmaker, said a significant portion of its European coal use has already come from outside of Russia.
Germany's second-largest steelmaker, Salzgitter, expressed that it does not buy coking coal from Russia and will not be affected by the import halt.
The British arm of Indian steelmaker Tata Steel said it had suspended further coal shipments from Russia. The company has sufficient stocks of raw materials at its steel mills in the UK and has identified alternative coal sources.
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