Russia's Ministry of Industry and Trade proposes extension of ferrous scrap export quota

Source: Mysteel Nov 25, 2024 10:30

The Russian Ministry of Industry and Trade has proposed to extend the export of ferrous metal waste and scrap outside the customs territory of the Eurasian Economic Union (EAEU) for another year. This is reflected in the draft decree of the Russian government.

In July this year, the Russian Cabinet of Ministers announced the extension of the tariff quota for ferrous metal exports via nine sea ports until the end of 2024. The quota is 550,000 tonnes, while the customs duty for exports within the quota is 5%, but not less than