9,765.12 TRY BIST 100 BIST 100
4.84 CNY CNY CNY
35.13 USD USD USD
36.48 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.50 TRY Interest Interest
72.45 USD Fossil Oil Fossil Oil
29.03 USD Silver Silver
4.09 USD Copper Copper
100.71 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,600.46 TRY Gold (gr) Gold (gr)

Russian Ministry of Industry and Trade proposed to extend the quota for the export of ferrous scrap metal

The Russian Ministry of Industry and Trade has proposed extending the export of ferrous metal waste and scrap outside the customs territory of the Eurasian Economic Union (EAEU) for another year.

Russian Ministry of Industry and Trade proposed to extend the quota for the export of ferrous scrap metal

In July of this year, the Russian Cabinet of Ministers announced the extension of the tariff quota for the export of ferrous metals through nine seaports until the end of 2024. The quota is 550 thousand tons, while the duty for exports within the quota is 5%, but not less than 15 euros per ton, above the quota - 5% and not less than 290 euros per ton.

The document specifies that the export of waste and scrap ferrous metals from Russia outside the customs territory of the EAEU will be carried out only through sea checkpoints according to the attached list. The list includes Arkhangelsk, the Big Port of St. Petersburg, Vladivostok, Dudinka, Kaliningrad, Korsakov, Magadan, Murmansk and Petropavlovsk-Kamchatsky.

The explanatory note to the project emphasizes that this measure is aimed at preventing the non-targeted movement of scrap metal exports from remote regions of Russia to areas with a shortage of this material.

The resolution comes into force from the moment of official publication and will be valid until December 31, 2025.

 

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Nippon Steel signs important partnership agreement for Kami Project

Thursday, December 19, 2024

Huta Częstochowa announced to maintain operations

Friday, December 20, 2024

Taiwanese steelmaker CSC announces price stability

Friday, December 20, 2024

The European HRC market in a challenging period

Friday, December 20, 2024

Iron ore prices decline amid expectations and Fed comments

Saturday, December 21, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now