A new quota policy from Russia extends the export limit for scrap and ferrous metal waste from the EAEU through June 30, 2024. This development was reported via a telegram channel associated with the Government of the Russian Federation and reflects ongoing government oversight of strategic materials for domestic industry.
The quota remains unchanged at 600 thousand tonnes. Within this cap, exports are taxed at 5% per tonne, with a floor of 15 euros per tonne. If shipments exceed the quota, the tax still applies at 5% but no less than 290 euros per tonne. These tax rules are designed to balance revenue collection with export discipline and market stability for domestic buyers.
The stated aim behind continuing the quota is to ensure a steady supply of strategic raw materials for the country’s metallurgical sector. By controlling outflows of scrap and ferrous waste, authorities intend to support large infrastructure projects and help keep domestic metal prices affordable for manufacturers and consumers alike.
Ferrous metals referenced under the policy include iron and its alloys, as well as key alloying elements such as manganese, chromium, and vanadium. These materials are critical inputs for steel production and related industrial processes, influencing domestic capacity and project timelines.
Russia first introduced a 600 thousand tonne export quota for scrap in late May 2022, marking a new approach to resource management. The policy has since been adjusted and renewed, signaling a continuing preference for domestic control over vital secondary materials.
Earlier updates from the Federal Customs Service highlighted the structure of flexible export taxes associated with this quota, underscoring ongoing fiscal considerations tied to the export regime.
In analysis, the move aligns with broader strategies seen in several economies where temporary export controls are used to stabilize key sectors during periods of price volatility or investment demand. The policy underscores the balancing act between encouraging domestic metallurgical activity and maintaining predictable export conditions for industry players. Source: Government of the Russian Federation