Kazakhstan – Kazakhstan has reintroduced a ban on ferrous scrap exports for the six months commencing August 29, according to a report in Metal Bulletin.
The country’s minister for investment and development Zhenis Kassymbek has cited ‘the critical lack of scrap for local steelmakers’ as the main motivation for this move.
Latest figures published by the World Steel Association confirm that Kazakhstan’s crude steel production increased by 4.1% from 2.222 million tonnes in January-July 2015 to 2.313 million tonnes in this year’s corresponding period. The country has implemented an export ban on several occasions over the last three years.
According to Metal Bulletin Research, Kazakhstan exported 691 628 tonnes of scrap in 2013 – with most of it destined for Ukraine.
Would you like to share any interesting developments or article ideas with us? Don't hesitate to contact us.