01
Jun
16:52
Russia may revise excise tax on steel: ministry
The issue of abolishing Russia’s excise tax on steel requires revisiting given the current conditions, says the Russian Ministry of Industry and Trade.
Russian authorities set the excise tax rate on liquid steel from 2022 at 2.7%, and introduced a new level of mineral extraction tax (MET) on iron ore at 4.8% and on coking coal at 1.5% (see Kallanish passim).
"This mechanism was conceived and works in the case of excessive profitability of the enterpris…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous