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22 Dec
17:26

Russian scrap export duty may rise further

The Russian government says it does not rule out another increase in ferrous scrap export duty in 2022, were new global scrap price increases to continue supporting scrap export sales. According to deputy industry and trade minister Victor Yevtukhov, the government will be monitoring the situation after the minimal €100/tonne ($113/t) of the 5% export duty level comes into force on 1 January for 180 days. If prices and export volumes continue to rise, &q…
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