export duties - Latest news GMK Center

The decision will apply to exports to countries that have high tariffs on imports of these goods

Lifting all trade restrictions is a prerequisite for the survival of the Ukrainian economy

Customs rates will be tied to the ruble exchange rate, and the export of steel products and raw materials will be subject to them

Export duty on billets and slabs increased to 2%, on iron ore – to 20%

In the future, this step may affect the European steel market

The country's government has returned import duties on coke and coking coal

The steel sector will need almost $244 million a year for compensation

Restrictions will apply in 71 countries, or every third country in the world, after the adoption of appropriate measures in the EU and Mexico

The decrease in iron ore production occurred as a result of the introduction of export duties on finished steel and steel raw materials

The ban on the scrap metal export is expected to be extended for another 6 months in order to meet domestic demand

The effect of the export duty in the next few months will be a stabilizing factor in the market and will prevent its volatility

Domestic steel prices in India fell by more than 20% after the imposition of the duty