Tag: Russia scrap exports duty

Russia raises tariffs on scrap exports to $113/t

Nov 18, 2021

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by

Drishya Yadav

in Melting Scrap

Russia is increasing tariffs on ferrous scrap exports to Euro 100/t ($113/t) from the current Euro 70/t, as per SteelDaily reports. The tariff will be effective for six months from 1 Jan’22. The tariff hike is meant to check volatility in domestic prices of raw materials. Russia exported 4.5 mn t of scrap in CY’20,…