CONTENT PREVIEW
Industry

Russia imposes quota on hot-rolled steel imports

27 November 2019
Follow

The Russian Ministry of Industry and Trade on 25 November announced a special tariff on hot-rolled steel imports from 1 December to 31 March 2020.

Unless they hold a valid import licence, Russian steel companies such as Evraz will have to pay a 20% special duty.

“This is the first experience of protecting the domestic market in the space of the Eurasian Economic Union,” said trade and industry minister Denis Manturov. “The introduction of a special quota for the import of hot-rolled steel will prevent the damage that could have been caused to Russian ferrous metallurgy by a sharp increase in imports of metal products.”

Want to read more? For analysis on this article and access to Jane’s unrivalled data and insight, learn more about our subscription options at janes.com/products





(130 of 282 words)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT