18
Nov
17:11
Russia approves liquid steel excise tax
The Russian parliament (Duma) has passed the bill on mineral extraction tax (MET) amendment and excise tax on liquid steel application after its third and final reading. The measures will include electric arc furnace producers on special terms.
According to the adopted bill, blast furnace-produced steel products will be subject to tax of 2.7% of average monthly export price of slab sold from southern Russian ports on an fob basis. The tax will not be applied shoul…
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Anonymous
Very good overview of the weekly steel market.
Anonymous