02
Mar
16:59
Severstal redirects EU shipments in wake of sanctions
Russian steelmaker and miner Severstal has issued a statement to its customers and shareholders notifying them that the controlling shareholder and chairman of the board, Alexey Mordashov, has been designated by the European Union as a person subject to sanctions.
This makes him “subject to an asset freeze and the prohibition to make funds and economic resources available to them”. The firm adds that due to it experiencing some difficulties in rel…
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Anonymous
Very good overview of the weekly steel market.
Anonymous