IREPAS - International Rebar Producers and Exporters Association » metallurgical coke

Russia officially imposes export duties for most steel and raw materials until end of 2024

Irepas — Thu, 21 Sep 2023 22:40:09 +0000

Russia’s government has adopted a decision to implement export duties for certain categories of products, including steel and raw materials. The export tax will be applicable from October 1, 2023 until December 31, 2024. “The regulation is adopted in order to support the optimal ratio of the local consumption and exports. The imposed decision will help protecting the local market from the unconditional increase of the prices. The flexible export duties will be valid till the end of 2024,” the official statement of Russia’s government reads.

As far as metallurgical sector is concerned, the export tax will be applicable to the products like steel slab, billet, most of the long and flat products, pig iron, coal and coke, HBI and iron ore.

The size of duties for the mentioned products to be exported outside of Russia and Eurasian Economic Union are tied to the ruble exchange rate and are as follows:

Export duty rate according to USD/RUB exchange rate

0 in case the exchage rate is less than 80
4% in case the exchage rate is 80-85
4.5% in case the exchage rate is 85-90
5.5 % in case the exchage rate is 90-95
7% in case the exchage rate is 95 and above

For the cargoes declared for exports after October 1, 2023, the exchange rate monitoring period is from August 26 till September 25, and the latest publication results of estimated average exchange rates should be no later than September 27.

India scraps export taxes on steel and some raw materials, adds import tariffs on coal and coke

Irepas — Mon, 21 Nov 2022 11:06:39 +0000

In a slew of tariff changes, the Indian government has scrapped export duties on pig iron, specified iron and steel products and pellets, according to a government notification late on Friday, November 18.

As a result, 15 percent export duties from India on major longs and flat steel products, as well as pig iron, have been lowered to zero, while the export duty of 45 percent on pellets has also been scrapped. The export duty on iron ore lumps and fines with less than 58 per cent Fe content has been reduced to zero, while that on iron ore with Fe content more than 58 percent has been reduced to 30 percent from 50 percent earlier. High export duties were imposed six months ago to help redirected some needed volumes to the local Indian market, and this led to a significant reduction in exports and the lower competitiveness of Indian mills, at a time when more Asian suppliers wanted to increase their export market share.

In other changes to Indian tariffs, an import duty of 2.5 percent has been imposed on anthracite, PCI, coking coal and ferronickel used by the steel industry and five percent duty on imported coke and semi-coke, from zero earlier.

New duty regime in India

Irepas — Mon, 23 May 2022 07:30:00 +0000

The Indian government has waived import duties on some key steel-making raw materials like coal and imposed the export duties on iron ore and steel products. The new duty regime has come into effect on the night of May 22, according to a government notification.

The Indian government reduced import duty on ferro-nickel, coking coal from 2.5 percent to nil and that on coke and semi-coke from 5 percent to nil to bring down cost of production of steel mills and thereby soften finished product prices.

On the other hand, the government hiked export duty on iron ore and concentrates to 50 percent and imposed a new export levy on pellets at 45 percent. New export duty of 15 percent has also been imposed on pig iron and spiegeleisen in pigs, blocks, or other primary formats; flat-rolled products of different kinds, including hot-rolled, cold-rolled, plated and coated; bars and rods; stainless steel.

India imposes antidumping duty on metallurgical coke imports from China and Australia

Irepas — Mon, 05 Dec 2016 09:36:19 +0000

India’s Ministry of Finance has announced its final determinations in its antidumping duty investigation of imports of low ash metallurgical coke from China and Australia.

According to Ministry of Finance’s statement, in its final findings India’s Directorate General for Anti Dumping and Allied Duties (DGAD) has concluded that dumped imports of the subject goods from China and Australia increased significantly in the period of investigation and the domestic industry suffered material injury.

The final antidumping duty rates are as follows:

China : $25.20/metric ton
Australia : $16.29/metric ton

The duties will be effective for a period of five years.

The investigation initiated on December 2015 upon a complaint by Indian Metallurgical Coke Manufacturers Association (IMCOM) on behalf of the domestic producers in India covers the period from April 2014 to June 2015.