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17 Jan
16:47

Scrap duty easing fails to support Russian exporters

The Russian government has approved new rules for the export of ferrous scrap for the next six months, until 30 June. It has reduced the annualised quota slightly, increasing the minimal duty threshold within the quota, and keeping the duty outside the quota unchanged. It has also introduced a permitted export volume coefficient for each region. The six-month quota allows for 600,000 tonnes of ferrous scrap to be exported with a duty applied of 5% but n…
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