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21 May
16:20

Russia mulls doubling scrap export duty to €90/t

Russia’s economic development ministry is to decide the fate of the possible increase of ferrous scrap export duty to €90/tonne ($110) this week. This comes after economic development minister Maxim Reshetnikov ordered the appropriate departments to conduct a feasibility study of the size of the increase. This is in order to make a balanced decision and not jeopardise the country's scrap processors, he said at a meeting on Friday, giving t…
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