28-12-2020 | 13:04

The authority takes a balanced approach and sees the possibility of using the mechanism of duties in export-oriented markets in extreme situations.

When the issue of establishing export customs duties on scrap and waste of ferrous metals was discussing, the FAS Russia was concerned that the proposed measure would not lead to the declared result, namely, to a decrease in prices for the rolled metal, since there is an increase in world prices not only for metallurgical raw materials but also for metal products.

Since the Russian metallurgical industry is export-oriented, metal producers, when setting prices, take into account not only the cost of metal production, but also the export alternative of finished products. Therefore, there are risks that imposing of export duty on raw materials may not lead to the expected result, namely, to a decrease in prices for finished metal products.

Previously, the FAS Russia also analyzed the situation on the scrap market and concluded that the situation in Russia is not fundamentally different from the world, as well as from the situation at higher processing stages of metallurgical production. In this situation, the  FAS Russia believes that introduction of export duties on only one of the stages of metallurgical production may lead to a redistribution of profits from scrap procurement to metallurgical plants, and will not fundamentally affect prices for rebar and other rolled products on the domestic market.

Thus, it is necessary to consider the issue comprehensively. As an example, in the case of the introduction of duties on raw materials to stabilize prices, the possibility of introducing a system of export duties on final products was suggested to be considered.

While specific decisions on duties on certain goods, including the size of rates, require a comprehensive study by the responsible executive bodies in due cource.

Currently, the FAS Russia is monitoring the rise in prices on the metal products market, including rebar. The authority is investigating to establish the reasonableness of such prices.

Site Map

News & Events Press Releases Media Releases Image Library About the FAS Russia What We Do General Information Mission, Goals, Values Priority Setting Institutional Memory Stakeholders Engagement Center for Education and Methodics Our History Our Structure Powers of Head and Deputy Heads Our Ratings GCR Using our website International Cooperation Treaties & Agreements OECD Competition Committee OECD meetings 2013 OECD meetings 2014 OECD meetings 2015 OECD meetings 2016 OECD meetings 2017 OECD meetings 2018 OECD meetings 2019 OECD meetings 2020 FAS Annual Reports OECD-GVH RCC RCC Newsletter ICAP Council on Advertising Headquarters for Joint Investigations UNCTAD 13th session IGE UNCTAD Resolution Russian contributions 14th session IGE UNCTAD Resolution Russian contributions 15th session IGE UNCTAD 16th session IGE UNCTAD 17th session IGE UNCTAD 18th session IGE UNCTAD 8th UN Conference on Competition EEU Model Law on Competition ICN BRICS BRICS Conferences Documents The BRICS Competition Law and Policy Centre (BRICS Competition Centre) BRICS Working Groups for the research of competition issues in socially important markets The Working Group for Research on the Competition Issues in the Pharmaceutical Markets Chair: Russia The Working Group for Research on food value chains Chair: South Africa The Working Group for Research on the Competition Issues in the Automobile Markets Co-chaired: India, South Africa The Working Group for Research on the Competition Issues in the Digital Markets Co-chairs: Brazil, Russia BRICS Coordination Committee on antimonopoly policy EU APEC Competition Policy and Law Group Annual meetings Projects ERRA Full Members Organizational Structure Archive Working Group on Investigating Issues on Pricing in the Oil and Oil Product Markets and Methods of their Functioning Meetings Working Group for Studying Competition Problems in the Pharmaceutical Sector Working Group on Research of Competition Issues in the Market of International Telecommunications (Roaming) Document Library Legislation Reports & Analytics Cases & decisions Contacts Give feedback Contact us Links Authorities Worldwide COVID-19