8,957.46 TRY BIST 100 BIST 100
4.83 CNY CNY CNY
34.25 USD USD USD
37.07 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
44.46 TRY Interest Interest
71.67 USD Fossil Oil Fossil Oil
34.11 USD Silver Silver
34.11 USD Copper Copper
102.74 USD Iron Ore Iron Ore
375.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,066.14 TRY Gold (gr) Gold (gr)

Indonesia appeals WTO decision on iron ore export ban dispute

Indonesia filed an appeal with the World Trade Organization to defend its right to ban iron ore exports.

Indonesia appeals WTO decision on iron ore export ban dispute

The appeal was sent to WTO members on Monday, according to an announcement on the organization's website. The WTO had previously ruled in favor of the European Union's complaint that Indonesia's ban on iron ore exports was harming its steel industries.

The dispute began in 2021 when the EU demanded that a panel be set up, saying the Southeast Asian country's requirement for local processing of minerals and its failure to promptly publish the policy was against WTO rules.

Last month, a delegation of WTO experts urged the country, the world's largest metal ore producer, to align its measures with WTO obligations. The decision could jeopardize Indonesia's efforts to move the resource-rich country up the commodity value chain and develop local metal refineries.

Comments

No comment yet.

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

Per Elfgren appointed as new president of SSAB Special Steels

Wednesday, October 30, 2024

Taiwan's leading steel manufacturers raise prices for November

Wednesday, October 30, 2024

Aliağa shipbreaking scrap prices decreased

Wednesday, October 30, 2024

Nucor implements price hike for HRC

Wednesday, October 30, 2024

Green Esteel becomes new strategic investor of Southern Steel Bhd

Wednesday, October 30, 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