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Ukraine raises export duty on ferrous scrap from EUR 58/ton to EUR 180/ton

Ukraine has decided to raise the export duty on ferrous scrap from EUR 58/ton to EUR 180/ton. The new duty will be effective in early 2022. The government will spend around one month to enact the parliament’s decision.

Ukrainian steelmakers’ association Ukrmetallurgprom expressed its concerns on soaring scrapexports in mid-2021 and asked Ukraine’s Deputy Prime Minister Denys Shmyhal to implement a temporary ban on ferrous scrap exports for the period from 2022 to 2023.

Market players thought that Ukraine’s current export duty has failed to restrict scrap exports as this duty only accounted for 10% of market prices.

In the first ten months of this year, Ukraine’s scrap exports totalled 515,000 tons, surging by nearly 16 times compared to the same period a year ago.

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لوريم ايبسوم هو نموذج افتراضي يوضع في التصاميم لتعرض على العميل ليتصور طريقه وضع النصوص بالتصاميم سواء كانت تصاميم مطبوعه لوريم ايبسوم ليتصور طريقه لوريم ايبسوم.

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Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.

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