Russia moves to extend tariff quota on ferrous scrap exports

• Ministry proposes extension till 31 Dec'25
  
  
• Move to prevent sharp hikes in local prices
  
  

Russia's Ministry of Industry and Trade has proposed extending the tariff quota for ferrous scrap and waste metal exports outside the Eurasian Economic Union (EAEU) until 31 December 2025.

This move comes after a previous extension, which lasted till the end of July 2024.

The export quota is set at 550,000 tonnes (t), with a 5% duty on exports within the quota, which would not be less than EUR 15/t. If the quota is exceeded, the duty will remain 5%, but the minimum charge will increase to EUR 290/t.

The goal behind these restrictions is to manage Russia's scrap exports and ensure that domestic metallurgical industries have adequate access to raw materials, preventing a sharp increase in prices within the local market.

Since 2022, Russia's scrap exports have remained constrained, with volumes dropping significantly. Key destinations such as Turkiye, South Korea, and Belarus have been most impacted by this decline.

Exports are restricted to specific customs checkpoints, including key ports such as Arkhangelsk, the Big Port of Saint Petersburg, Vladivostok, Dudinka, Kaliningrad, Korsakov, Magadan, Murmansk, and Petropavlovsk-Kamchatsky. This targeted approach aims to control export volumes and mitigate potential price hikes within the domestic market. By doing so, the government ensures that Russia's metallurgical industries can meet their raw material needs without disruption.