Evraz, TMK face dual duty squeeze as Russia manages metals inflation — Panjiva
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Evraz, TMK face dual duty squeeze as Russia manages metals inflation

Materials - Metals/Mining 712 Metals - Aluminum 229 Metals - Copper 66 Metals - Steel 483 Russia 100 Tariffs 1771 U.S. 5234

The Russian government will apply export duties to a range of base metals including steel, aluminum, nickel and copper. That follows a similar move in the food sector and is an attempt to manage domestic inflation. The duties may further distort metals supply chains, exacerbating a prior slide in exports to the U.S. linked to that country’s section 232 “national security” tariffs on steel and aluminum imports. Shipments of steel and aluminum to the U.S. from Russia, including those linked to Evraz and TMK Steel, fell by 51.9% in 2020 versus 2019. That was led by an 86.2% slide in shipmen...

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