Approximately 33,000 tons of hot briquetted iron (HBI) stored at the Port of Brindisi in Italy will be offered for sale through an online auction on November 17–18, 2026, with a starting price of EUR 6.832 million.
According to an announcement by the Judicial Sales Institute of Lecce and Brindisi (IVG), the sale process has begun for approximately 33,000 tons of HBI shipped from Russia and seized by order of the competent judicial authority in Italy. The material, stored in the Costa Morena Est area of the Port of Brindisi, will be offered for sale as a single lot.
The announcement stated that the cargo was seized as part of judicial proceedings concerning the enforcement of European Union restrictive measures. These measures include provisions under Council Regulation (EU) No. 833/2014. The competent judicial authority subsequently ordered the sale of the cargo and appointed IVG to conduct the proceedings.
The sale of HBI, which is used as a metallic raw material in electric arc furnaces and other steelmaking processes, is intended to attract international steel producers, commodity trading companies and industrial buyers.
The online auction will take place on November 17–18, 2026. Prospective buyers are required to review the official sale notice on the Oxanet platform for registration deadlines, participation requirements, the appraisal report and other relevant documents.
IVG stated that requests for additional information regarding technical documentation, material specifications and participation procedures can be submitted directly to the institute. The sale, as well as any subsequent shipment and customs procedures, will be subject to applicable EU restrictive measures, customs regulations and the conditions established by the competent judicial authority.
