Ukraine extends export duty on ferrous scrap for next five years

On May 14th, Ukrainian president Mr Zelensky signed the law extending the duty on the export of ferrous scrap for the next five years, effective from May 15, 2021, to September 15, 2026. “This document extends the period of validity of the export duty rate of €58/mt for waste and scrap of ferrous metals for five years – until September 15, 2026. Such conditions have been created to prevent a shortage of ferrous scrap in Ukraine, which... Read More

Ukraine extends export duty on ferrous scrap

The Ukrainian government has decided to extend the duty on the export of ferrous scrap for the next five years. Accordingly, on April 27 the Ukrainian parliament welcomed and expressed its full support for a five-year extension of the duty on the export of ferrous scrap at the current level, i.e. at €58/mt.  Read More

Ukraine levies import duty on imports of reinforcing bars from Belarus

According to a statement published in the country’s Official Gazette on November 25, Ukraine has imposed a special customs duty on imports of reinforcing bars from Belarus, citing Belarus’s discriminatory and unfriendly acts against Ukrainian exporters of similar products. Accordingly, Ukraine’s interdepartmental commission on international trade has imposed a 16.08 percent special customs duty on ex-Belarus steel deformed bars of up to 40 mm... Read More

Ukraine introduces antidumping duty on steel bars from Belarus and Moldova

Ukraine introduces antidumping duty on steel bar imports from Belarus and Moldova. Accordingly, exporters from Belarus will be subject to an antidumping duty of 31.08 percent, while Belarusian Metallurgical Plant (BMZ) and its Lithuanian exporting arm BMZ-Baltic Trading House have zero duties. On the other hand, the antidumping duties stand at 13.80 percent for Moldavian Metallurgical Plant (MMZ) and at 35.37 percent for other exporters of steel bar... Read More

Ukrainian president approves scrap export duty increase

The Ukrainian parliament (Rada) has announced that Ukraine’s president Mr.Petro Poroshenko has approved the bill to increase the export duty on steel scrap from €42/mt to €58/mt for two years until 2021. In early March, the Ukrainian parliament had approved the bill to increase the export duty on scrap, though it revoked it in the following days.  Read More

Ukraine revokes increase in scrap export duty

The Ukrainian parliament has revoked the bill increasing the export duty on scrap from €42/mt to €58/mt for a period of two years, according to local media sources. The parliament said that higher export duty on scrap would defend the interests of some market participants, while ignoring those of others.    Read More

Ukraine increases scrap export duty for two years

The Ukrainian parliament has approved a bill to increase the export duty on scrap from €42/mt to €58/mt for a period of two years. In May 2018, the export duty rose from €30/mt to €42/mt for only one year.  Read More

Short Range Outlook : February 2019

Price levels improve in global long steel products market despite uncertainties Prices in the global long steel products market are better compared to our last report, though there is a certain degree of uncertainty regarding how sustainable the current price levels are. The situation has gotten worse generally in terms of demand and supply, as there seems to be a general worsening of expectations and the numbers coming in do not bode well. Brazilian... Read More

EU to impose new quota on imports

According to media sources, the European Commission has sent a notification to the World Trade Organization, stating that the EU will impose import quotas on certain steel products, including rebar and wire rod, for a period of 150 days starting from February 2, 2019.. However, there has been no official announcement yet. Accordingly the import quotas will be in force between July 1, 2019 and June 30, 2020 and that the quota volumes will be increased... Read More

US ITC votes to maintain antidumping duties on rebar imports from seven countries

The US International Trade Commission (ITC) today determined that revoking the existing antidumping duty orders on imports of steel concrete reinforcing bar from Belarus, China, Indonesia, Latvia, Moldova, Poland, and Ukraine would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. Current AD margins are as follows: Country                          AD margin Belarus                              ... Read More

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