9,724.50 TRY BIST 100 BIST 100
4.84 CNY CNY CNY
35.13 USD USD USD
36.48 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.45 TRY Interest Interest
73.24 USD Fossil Oil Fossil Oil
29.75 USD Silver Silver
4.12 USD Copper Copper
100.31 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,628.71 TRY Gold (gr) Gold (gr)

UAE extends ferrous scrap export ban to support local steel industry

The United Arab Emirates (UAE) has announced a further extension of its ban on ferrous scrap exports, now extended for an additional three months until December 19, according to a notice from Dubai Customs.

UAE extends ferrous scrap export ban to support local steel industry

The United Arab Emirates (UAE) has extended its ban on ferrous scrap exports for an additional three months until December 19, 2023, to support the local steel industry's raw material supply. Despite the ban, scrap exports from the UAE have continued, but Indian Customs recently stopped clearing scrap shipments from the UAE, resulting in a 60% year-on-year drop in scrap imports to India. However, scrap shipments to Pakistan and Bangladesh from the UAE continue. Delivered scrap prices in the UAE remain stable. This extension highlights the UAE's commitment to its domestic steel industry and raw material supply.

Comments

1 comments
this may impact the Indian commodities market, potentially leading to price fluctuations and supply chain disruptions.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

India launches investigation into flat steel product imports

Monday, December 23, 2024

Italy's crude steel production decreased in November

Monday, December 23, 2024

Ukraine increased the export of scrap by 62.4%

Monday, December 23, 2024

Dofer Yapı expands Karabük factory: Receives 31.6 million TL investment incentive certificate

Sunday, December 22, 2024

Europe's crude steel production increased

Wednesday, December 18, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now