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28 Jun
16:26

Russia approves scrap export duty increase

Russia’s ferrous scrap export duty has been approved to increase from the existing €45/tonne to €70/t ($85), and will become applicable 30 days after the decision was published on 25 June, Kallanish learns from a document published by the government. The decision had been expected by industry sources to be finalised quickly, as the Russian government continues to demonstrate its efforts to cut domestic steel prices and increase scrap avai…
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