15
Oct
15:52
Russian scrap association seeks support against trade restrictions
Russia’s scrap metal association, Ruslom, has called for the international community to rally against measures restricting free trade of scrap.
Russia introduced a quota licencing system, as well as a 5% export duty, on scrap exports from 1 September (see Kallanish passim). The government had initially wanted to ban exports completely based on a proposal by the Fund for the Development of the Pipe Industry of Russia (FRTP), but the domestic scrap…
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Very good overview of the weekly steel market.
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