News
Short Range Outlook : January 2021
Short supply in global longs market, full impact of vaccines remains to be seen Supply is still on the short side in the global long steel products market and this situation will probably not change until the second quarter. Chinese demand for raw materials and semi-finished products has been providing the main boost to the [...]
Russia amends scrap export restrictions
At the end of December, the Russian authorities approved the amendment to the existing export restrictions in the steel scrap segment. The export tax for ferrous scrap has remained at the five percent level, but the minimal equivalent has been increased from €5/mt to €45/mt. The renewed restriction will be valid for 180 days from [...]