New Russian Tariffs Could Send Key Metal Prices Even Higher ...Middle East

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New Russian Tariffs Could Send Key Metal Prices Even Higher
source : OILPRICE ( Middle East ) () 13
The metals markets received a jolt late last week with the news that Russia is considering applying export tariffs to steel, aluminum, copper, nickel, and ferroalloys from this August through to at least the end of the year in order to ease metal supply and prices for domestic consumers. Russia metals tariffs to cover copper, aluminum, nickel, and others According to Bloomberg, the plans include a base duty rate across all products covered by the duties of 15%. However, it includes a specific minimum tariff for each metal, varying from $1,226 a…

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