Ukraine's Parliament Verkhovna Rada has increased the export tax on ferrous scrap exports as part of its 2022 state budget. The duty will be increased to EUR 180 per tonne, up from the existing EIR 58 per ttonne. The amendment followed a suggestion from Ukraine's economy ministry to boost the duty to EUR 200 per tonne a month ago, which was rejected by the government on 10 November. Before that, the ministry pushed for a full-scale ban of ferrous scrap exports until December 2022. Rada said "The raise will help increase revenue to the state budget from overseas trade operations with scrap.”The increase mirrored action implemented by Russia. Ukraine's parliamentarians largely ignored the arguments of the scrap industry, including a September proposal from industry association UAVtormet to hire a reputable international auditing company to evaluate the structure and resource potential of Ukraine's scrap reserves.