Ferro-alloys.com:The Russian Ministry of Industry and Trade said that after monitoring the impact of the latest measures taken in February, the Russian government may impose more restrictions on scrap exports.

In December last year, at the request of the Russian Steel Pipe Industry Development Foundation (FRTP), the Russian Ministry of Economic Development agreed to increase the export tariff of scrap steel from 15 euros/ton to 45 euros/ton for a period of 6 months to ensure the raw materials of the local steel mills. Supply, while restraining price increases in the domestic market.

At the same time, last week, Ruslom, the Russian Scrap Metal Association, asked domestic steel manufacturers to refuse to impose tariffs, believing that export tariffs on steel products may cause local product prices to rise.

• [Editor:zhaozihao]