The Government of the Russian Federation has decided to extend the quota for the export of ferrous scrap and scrap waste until the end of 2023, which is an important step in regulating the export of these materials and is due to market needs and the desire for stability.
The quota for the export of ferrous scrap and scrap waste will remain unchanged at 600,000 tons, providing Russian exporters with the opportunity to continue their activities and maintain stability in the ferrous metal market.
Maintaining the current intra-quota export duty rate is an important aspect of this decision. This rate is 5% of the cost of exported products, but not less than 15 euros per ton. This decision is aimed at supporting the competitiveness of Russian producers and protecting against dumping practices in the international market.
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