SEATTLE (Scrap Monster):  The EU has widened its sanctions on Russia and Belarus under broader packages covering finance, trade, transport, services and anti-circumvention measures, with steel and metals among the sectors impacted, Kallanish notes.

The new measures tighten controls on parts of the steel supply chain by targeting revenue from steel scrap, metals, minerals and industrial raw materials, while restricting exports of steel articles, welding consumables, metalworking tools, lubricants and related industrial equipment that could support Russian or Belarusian capacity.

For Russia, the package adds import bans including CN 7204 ferrous waste and scrap, CN 7404 copper waste and scrap, CN 7503 nickel waste and scrap, and CN 7602 aluminium waste and scrap.

Export restrictions have also been expanded to include CN 7318 screws, bolts, nuts, rivets and washers of iron or steel, CN 7325 other cast articles of iron or steel, CN 8311 welding wire, rods, electrodes and similar metal-deposition products, and CN 8457 10 machining centres for working metal.

For Belarus, the measures similarly add import bans on CN 2601 iron ores and concentrates and CN 2619 slag, dross, scalings and other waste from the manufacture of iron or steel. While export restrictions now cover CN 7318 iron or steel fasteners, CN 7325 other cast articles of iron or steel, and CN 8311 welding and brazing products, alongside metalworking tools and industrial-use lubricants.

Some measures include transitional wind-down periods for pre-existing contracts, including a Belarus exemption until 25 July 2026 for certain newly listed goods.

Courtesy: www.eurometal.net