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20 Jun
11:32

UAE renews ferrous scrap export ban

The United Arab Emirates Ministry of Economy has released directive 50/2023, extending the country’s ban on exports of ferrous scrap from 19 June until 19 September, Kallanish notes. The directive concerns products under HS codes 720410, 720421, 720429, 720430, 720441, 720449 and 720450. Scrap exports were banned in May 2020, with the measure extended consecutively to support raw material supply for local steelmakers. However, iron and steel scrap…
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