9,910.61 TRY BIST 100 BIST 100
4.85 CNY CNY CNY
35.40 USD USD USD
36.45 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.88 TRY Interest Interest
79.76 USD Fossil Oil Fossil Oil
30.41 USD Silver Silver
4.30 USD Copper Copper
96.59 USD Iron Ore Iron Ore
350.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,689.76 TRY Gold (gr) Gold (gr)
9,910.61 TRY BIST 100 BIST 100
4.85 CNY CNY CNY
35.40 USD USD USD
36.45 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.88 TRY Interest Interest
79.76 USD Fossil Oil Fossil Oil
30.41 USD Silver Silver
4.30 USD Copper Copper
96.59 USD Iron Ore Iron Ore
350.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,689.76 TRY Gold (gr) Gold (gr)
9,910.61 TRY BIST 100 BIST 100
4.85 CNY CNY CNY
35.40 USD USD USD
36.45 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
39.88 TRY Interest Interest
79.76 USD Fossil Oil Fossil Oil
30.41 USD Silver Silver
4.30 USD Copper Copper
96.59 USD Iron Ore Iron Ore
350.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,689.76 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.

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