Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The Russian government has approved a decrease of export duty for pig iron sold outside the Eurasian Economic Union (EAEU), Davis Index learned.


Russian Prime Minister, Mikhail Mishustin, signed decree No. 1178 on Jul 14 according to which, the export duty for pig iron was reduced to 15pc, but no lower than $54/mt from 15pc, but no lower than $115/mt as announced in late June


The document was published on Jul 16. The export duty for pig iron is adjusted to the same level as hot briquetted iron, considering domestic and global market conditions.

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