[Ferro-Alloys.com]

Recently, the Russian Federation of National Housing Builders complained to Russian Deputy Prime Minister Husnulin that Russian metal prices soared and steel prices rose 40 percent within a month. The Federal Antimonopoly Administration has written to the Ministry of Industry and Trade to propose a tax rate of 13% and not less than $73 per ton for billet exports and a tax rate of 12% and not less than $78 per ton for steel exports for a period of six months, according to Husnulin.  

Russia's anti-monopoly agency pointed out that the Russian market steel prices in the Russian market is steel exports and scrap costs increased. According to the Russian Steel Pipe Industry Development Foundation, in the past month, the price of steel bar Black Sea FOB rose from $460 to $580 per ton; since the beginning of January, the average price of scrap steel in the Russian market has soared by 35 percent.