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NEWS
Sub-сommission on tariffs supported the

introduction of a duty on ferrous scrap

The subcommittee on customs and tariff regulation of the legal commission on economic
development and integration supported the introduction of a duty on ferrous scrap, the RF
Ministry of Economic Development said in a statement. According to the press service of the
ministry, the Minister of Economic Development of the Russian Federation
Maxim Reshetnikov yesterday held a meeting of the subcommittee on
customs-tariff and non-tariff regulation, protective measures in foreign
trade of the government commission on economic development and
integration.
"The meeting supported the initiative of the Ministry of Industry
and Trade of the Russian Federation to establish the rate of export
customs duty on waste and scrap of ferrous metals at 5%, but not
less than 45 euros per 1 ton," the message says. "The Ministry of
Economic Development indicated that the measure is being introduced
on a temporary basis due to the threat of a shortage of these products
within the country, as well as due to the rise in prices for scrap metals,
and is aimed at providing Russian metallurgical enterprises with the necessary
raw materials."
Prime.ru

ERG implements large iron ore project in

Brazil In December this year, the Eurasian Group began commercial production

at the Pedra de Ferro mine in the state of Bahia. At the same time, already at
the first stage, the capacity of the enterprise for the production of high-grade iron ore with an
iron content of 65% will amount to two million tons per year. After reaching full capacity, the
mine will produce 18 million tonnes of ore
per year.
The construction of Porto Sul, a deep-
water port complex, has also begun. The
initial stage of work is aimed at building
the necessary infrastructure and providing
access to the site. At the same time, 400
direct and 1,200 related jobs will already be
created.

express-k.kz

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