09
Nov
14:30
Russian EAF mills fear additional steel taxes
The Russian Union of Industrialists and Entrepreneurs (RSPP) wants all electric arc furnace-based steelmakers to be exempted from paying excise taxes on liquid steel.
Russian authorities and steelmakers have reached an agreement to set the excise tax rate on liquid steel from 2022 at 2.7%, and the mineral extraction tax on iron ore at 4.8% and on coking coal at 1.5% (see Kallanish passim).
This will replace export duties on steel and metals of 15% valid from…
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Anonymous
Very good overview of the weekly steel market.
Anonymous