Kiev brings in scrap export duty

摘要

Ukraine's parliament has voted in favour of a ?30/t ($33.70/t) tariff on ferrous scrap exports. The decision willensure effective functioning of the country's steel making sector, which has experienced a significant scrapshortage for several years, according to the government.Mills wanted a ?50/t levy and the original proposal was for a ?35/t duty, but the ?30/t figure was settled uponon the grounds anything higher would discourage domestic scrap collection.