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01 Feb
14:56

Ferrous export duties will hike Russia’s prices: association

The introduction of export duties on steel and scrap will lead to an increase of product prices in Russia, the Russian Steel Association tells Kallanish. Russia’s development ministry agreed to raise the minimal fiscal value of export duty to €45/tonne ($55) from €15/t, for six months. This followed a request from the country's Pipe Industry Development Foundation (FRTP), representing major Russian steelmakers. The hike is aimed at securin…
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