9,224.84 TRY BIST 100 BIST 100
38.44 USD USD USD
5.32 CNY CNY CNY
43.71 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
46.98 TRY Interest Interest
63.56 USD Fossil Oil Fossil Oil
40.67 USD Silver Silver
4.76 USD Copper Copper
98.50 USD Iron Ore Iron Ore
325.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,094.11 TRY Gold (gr) Gold (gr)

Quota decision from the Russian government for the export of ferrous scrap

On April 26, 2024, the Ministry of Industry and Trade of the Russian issued a statement on the distribution of the total tariff quota for the export of ferrous scrap. With this declaration, Russia has defined a quota for the export of ferrous scrap to some companies.

Quota decision from the Russian government for the export of ferrous scrap

According to this decision, some companies will export ferrous scrap to countries that are not members of the Eurasian Economic Union within the quota determined by the government.

Russia continues its activities in regulating foreign trade transactions with ferrous metals.

Pursuant to Decision No. 2259 adopted on December 22, 2023, it was approved to export tariff quotas for ferrous scrap exports, according to which Russia will export iron and steel scrap to countries that are not members of the Eurasian Economic Union.

With this approved decision, it will be able to export scrap by fulfilling the export procedures until June 30 2024 for products for which a one-time license application has not been made.

In the Rules on the Distribution of Tariff Quota adopted by the above-mentioned decision, the distribution of a new quota among foreign trade participants was approved. With this decision, scrap export quotas were defined for products with GDIP codes (7204 10 000 0, 7204 30 000 0, 7204 41 100 0, 7204 41 910 0, 7204 41 990 0, 7204 49 100 0, 7204 49 300 0, 7204 49 900 0 and 7204 50 000 0).

The companies that have scrap quota rights are as follows:

LLC "RMI-STEEL" 3.914.198 kg
LLC "ROSMET" 225.986,98 kg
LLC "LOMTORG" 3.921.246.82 kg
LLC "INDEKS METAL" 1.091.065,68 kg
LLC "METEXIM" 3.921.246.82 kg
JSC "Pskovvtormet" 3.914.198,12 kg
LLC "HERMES" 3.921.246.82 kg
LLC "CHERMET-EKATERINBURG" 3.921.246.82 kg
LLC "META-EKATERINBURG" 3.921.246.82 kg

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Vallourec signs USD 130 million OCTG steel pipe supply contract in Kuwait

Wednesday, April 30, 2025

Josu Pina Bilbao “SSAB is a pioneer in fossil fuel-free steel”

Monday, April 28, 2025

US steel imports increase by 11.4% in March

Tuesday, April 29, 2025

Vardhman Special Steels to set up new greenfield steel plant in Punjab

Tuesday, April 29, 2025

EUROFER and EUROMETAL join forces to support the European steel supply chain

Tuesday, April 29, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now