Tag: Russia Scrap Exports
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Russia: Govt committee suggests raising export duty on scrap by Euro25/t
A Russian government committee has recommended increasing the country’s customs duty on ferrous scrap exports by Euro25/t to Euro70/t from the current Euro45/t, as per reports. The recommendation, intended to conserve raw material for Russia’s EAF steelmakers amid sharp rise in global ferrous scrap prices, could be enacted by the government earlier than end-July’21. On…