Export tax imposition for scrap in Ukraine might upset EU
The recent reports from the industry carry implications of the European Commission contemplating on cutting down the quota allocations of Ukraine on its steel exports into the EU in case the pronounced imposition of export duty on scrap is actualized. The Ukrainian Government accepted the proposal of implementing 30% duty rate on scrap exports to be effective from January 1, 2003, in order to avoid the supply shortage to the domestic producers. The Ukrainian domestic mills have been suffering huge lack of scrap and high levels of prices in line with the short supply.