The Ukrainian parliament (Verkhovna Rada) has increased export duties on scrap from €10/mt to €30/mt for one year effective from July 12, and has also cancelled the export quotas for scrap, according to media sources.

Earlier this year, Ukrainian president Petro Poroshenko vetoed the previous draft law to increase Ukraine’s export duty on scrap for three years, stating that that the duty is not in compliance with the provisions of the association agreement between Ukraine and the European Union ratified on September 16, 2014. The agreement obliges the parties not to introduce or maintain any duties, taxes or any other measures of equivalent actions that are imposed on the export of goods or imposed in connection with exportation of goods to another territory.