21
Sep
14:07
UAE extends scrap export ban
United Arab Emirates has extended its ban on the export of ferrous scrap for four months until mid-January, Kallanish notes.
The initial ruling, which came into force in May, affects all major scrap grades, namely those falling under HS codes 720410, 720421, 720429, 720430, 720441, 720449 and 720450. It was made to ensure steelmakers have sufficient feedstock supply amid the Covid-19 pandemic.
UAE exports around 1 million tonnes/year of ferrous scrap, w…
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