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After Russia seized Crimea and unleashed the war in the Donbas in 2014, the Italian Danieli Group grew to become a major player in the Russian steel industry, the engine of Putin’s war machine. Danieli, which sells and services equipment for steel plants, has since worked with at least 14 Russian metal companies, including six that contribute to the Russian military industry. Danieli didn’t leave the Russian market when Russia started its full-scale invasion of Ukraine in 2022 and has supplied equipment to at least one Russian steel plant since then. ....
The Azovstal Iron and Steel Works in Mariupol was the only producer of steel rails in Ukraine. However, the enterprise was destroyed after Russia captured the city. Where does Ukraine’s national rail operator Ukrzaliznytsia get its rails now? Spoiler alert – NV Business discovered some very strange bedfellows in the procurement process. ....
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Discover why our sources say the latest Western sanctions arising from Russia's invasion of Ukraine will have little impact on the global hot-briquetted iron (HBI) market unless key buyers in the European Union adopt the measures ....