Korean steelmaker gets US sanctions licence to pay ICC award
Published . Updated .
Yulchon and WilmerHale have reportedly helped Korean steelmaker Posco obtain a licence from US sanctions agency OFAC to pay an ICC award over a deal for supply of Russian coal.
Directly affected
- No company is named in this report.
Indirectly affected
- SLX VanEck Steel ETF-2.8% 16d
VanEck Steel ETF: it holds steelmakers. Linked by “steelmaker” (steel) in this story.
- XME SPDR S&P Metals & Mining ETF-10.6% 30d
SPDR S&P Metals & Mining ETF: it holds coal and metals producers. Linked by “coal” (coal) in this story.
- EWY iShares MSCI South Korea ETF-19.2% 30d
iShares MSCI South Korea ETF holds stocks listed in South Korea, which this story is about (“korean”).
- NUE Nucor+10.8% 30d
Nucor (steel works, blast furnaces and rolling mills (coke ovens)): steel prices and trade rules drive steelmakers' profits. Linked by “steelmaker” (steel) in this story.
- STLD Steel Dynamics+9.0% 30d
Steel Dynamics (steel works, blast furnaces and rolling mills (coke ovens)): steel prices and trade rules drive steelmakers' profits. Linked by “steelmaker” (steel) in this story.
- PKX POSCO Holdings
POSCO Holdings (steel works, blast furnaces and rolling mills (coke ovens), with business in South Korea): steel prices and trade rules drive steelmakers' profits. Linked by “steelmaker” (steel) in this story.
- CLF Cleveland-Cliffs+20.9% 30d
Cleveland-Cliffs (metal mining): steel prices and trade rules drive steelmakers' profits. Linked by “steelmaker” (steel) in this story.
- BTU Peabody Energy-16.8% 30d
Peabody Energy (bituminous coal and lignite surface mining): coal producers move with coal demand and prices. Linked by “coal” (coal) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| SLXNo price data for this ticker | — | — | — | — | — | — | — |
| XMENo price data for this ticker | — | — | — | — | — | — | — |
| EWYNo price data for this ticker | — | — | — | — | — | — | — |
| NUE | -5.82% | -0.67% | base | +1.54% | after close | after close | after close |
| STLDNo price data for this ticker | — | — | — | — | — | — | — |
| PKXNo price data for this ticker | — | — | — | — | — | — | — |
| CLF | -6.24% | -2.28% | base | +0.07% | after close | after close | after close |
| BTUNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Korean steelmaker gets US sanctions licence to pay ICC award Global Arbitration Review
Source: Global Arbitration Review
Vaneck Etf Trust (SLX) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Cleveland-Cliffs (CLF) | that day | +0.07% | final price |
| Cleveland-Cliffs (CLF) | three days earlier | -2.28% | final price |
| Cleveland-Cliffs (CLF) | five days earlier | -6.24% | final price |
| Nucor (NUE) | that day | +1.54% | final price |
| Nucor (NUE) | three days earlier | -0.67% | final price |
| Nucor (NUE) | five days earlier | -5.82% | final price |
Congressional stock trades in Vaneck Etf Trust (SLX)
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who is named in “Korean steelmaker gets US sanctions licence to pay ICC award”
Companies carried with this story
- SLX Vaneck Etf Trust
For “Korean steelmaker gets US sanctions licence to pay ICC award,” Vaneck Etf Trust (SLX) is linked, with no stored direction, medium confidence. Reason on file: VanEck Steel ETF: it holds steelmakers. Linked by “steelmaker” (steel) in this story
- EWY Ishares Msci South Korea Etf
In “Korean steelmaker gets US sanctions licence to pay ICC award,” Ishares Msci South Korea Etf (EWY) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI South Korea ETF holds stocks listed in South Korea, which this story is about (“korean”)
- NUE Nucor
For “Korean steelmaker gets US sanctions licence to pay ICC award,” Nucor (NUE) is linked, with no stored direction, medium confidence. Reason on file: Nucor (steel works, blast furnaces and rolling mills (coke ovens)): steel prices and trade rules drive steelmakers' profits. Linked by “steelmaker” (steel) in this story
- STLD Steel Dynamics
For “Korean steelmaker gets US sanctions licence to pay ICC award,” Steel Dynamics (STLD) is linked, with no stored direction, medium confidence. Reason on file: Steel Dynamics (steel works, blast furnaces and rolling mills (coke ovens)): steel prices and trade rules drive steelmakers' profits. Linked by “steelmaker” (steel) in this story
- CLF Cleveland-Cliffs
Cleveland-Cliffs (CLF) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Korean steelmaker gets US sanctions licence to pay ICC award.” Reason on file: Cleveland-Cliffs (metal mining): steel prices and trade rules drive steelmakers' profits. Linked by “steelmaker” (steel) in this story
- PKX Posco Holdings
Posco Holdings (PKX) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Korean steelmaker gets US sanctions licence to pay ICC award.” Reason on file: POSCO Holdings (steel works, blast furnaces and rolling mills (coke ovens), with business in South Korea): steel prices and trade rules drive steelmakers' profits. Linked by “steelmaker” (steel) in this story
How “Korean steelmaker gets US sanctions licence to pay ICC award” reaches Vaneck Etf Trust (SLX)
The 2 Nov 2026 story “Korean steelmaker gets US sanctions licence to pay ICC award” names Vaneck Etf Trust (SLX) because of this story.
Vaneck Etf Trust (SLX) is on the page because VanEck Steel ETF: it holds steelmakers. Linked by “steelmaker” (steel) in this story
Ishares Msci South Korea Etf (EWY) is here too. Its reason reads: iShares MSCI South Korea ETF holds stocks listed in South Korea, which this story is about (“korean”)
Dates in the story, and the Vaneck Etf Trust (SLX) price range
EWY traded between 148.30 and 192.47 across 20 sessions. The latest close on file is 152.92. NUE traded between 243.70 and 275.86 across 20 sessions. The latest close on file is 273.78. SLX traded between 101.26 and 107.05 across 15 sessions. The latest close on file is 103.58.
A simple score for Vaneck Etf Trust (SLX)
46 out of 100
“Korean steelmaker gets US sanctions licence to pay ICC award” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.