EC Adjusts Steel Quotas Post-ban on Russia, Belarus Imports

The war has led to strict sanctions on Russia by the EU and the quarterly import quotas of Russia and Belarus were redistributed among other countries. This pushed up the export quotas of hot-rolled coil (HRC) for other exporting countries. The HRC quota for Indian mills increased to 273,178 t (+39%) and for cold-rolled coil (CRC) to 86,589 t (+1%) for Q2CY’22.