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23 May

Russia considers temporary export duty exemption: sources

Russian export duties on wire rod, rebar in coils, and pig iron might be temporarily suspended to support the country's exporters. This move is based on requests from unnamed Russian producers, who argue that these duties make exports unprofitable and non-competitive. They add that offsetting the lower exports with increased supply to Russian and EAEU markets is impossible, according to Russian media reports. The final decision, including on which products ar…
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