The lower house of the Federal Assembly of Russia, known as the State Duma, approved on Tuesday November 16 an increase in the existing duty imposed on exports of steel scrap to ?,?100 ($114) per tonne, according to the State Duma web portal.
The approval came from the subcommittee on Customs and Tariff Regulation, the web portal said. Standard procedures suggest that the increase would become effective in 30 days' time but this could not be confirmed at the time of publication.Russia's current export duty of ?,?70 per tonne was lower than similar levies imposed by...