Russian Steelmakers Move to World Steel Sidelines
06/15/2022 - The World Steel Association (worldsteel) and its Russian members have agreed to pause their full participation in the association owing to EU sanctions on Russia, Kallanish reports.
According to Kallanish, the Russian members — EVRAZ, MMK, Metalloinvest, NLMK Group, TMK, Severstal and the Russian Steel Association — will move to a "passive" status. worldsteel is based in Belgium.
“It is important to stress that we have not expelled or suspended our Russian members, rather we have come to a mutually satisfactory arrangement with them in which they are voluntarily and temporarily becoming ‘passive members.’ All access to our platforms will be reinstated when EU law allows for this,” a worldsteel spokesperson told Kallanish.
Kallanish has more here.