Russia cuts import duty on stainless

The Russian government has decreased the special duty on imports of stainless steel tubes and pipes. Tubes and pipe with an outside diameter of up to 426mm inclusive have decreased from 28.1% to 9.9%, but not less than USD 1500/mt. The decision, dated 16 December 2010, will come into effect one month after its official publication. The special duty does not affect imports of stainless steel tubes and pipes from Belarus, and from developing countries which come under the scope of Russia’s Generalized System of Preference, with the exception of Brazil and China.

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