10,055.98 TRY BIST 100 BIST 100
4.48 CNY CNY CNY
34.72 EUR EUR EUR
32.21 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
42.87 TRY Interest Interest
83.49 USD Fossil Oil Fossil Oil
28.48 USD Silver Silver
4.80 USD Copper Copper
116.81 USD Iron Ore Iron Ore
382.00 USD Ship Dismantling Ship Dismantling
2,428.73 TRY Gold (gr) Gold (gr)

Kazakhstan extends ban on metal scrap exports

The country's Ministry of Industry and Construction said earlier that the export ban was introduced to support Kazakhstan's metallurgical enterprises and provide them with necessary raw materials.

Kazakhstan extends ban on metal scrap exports

According to an order issued by the Minister of Industry and Construction on April 23, 2024, Kazakhstan has decided to extend the prohibition on exporting waste and scrap of both ferrous and non-ferrous metals for an additional six months.

As stated in the department's order, the regulation will come into force on May 5, 2024.

The document introduces a six-month ban on the export of scrap and waste of non-ferrous metals, as well as used lead-acid batteries, by all modes of transport from the territory of Kazakhstan.

Additionally, a six-month ban is imposed on the export of waste and scrap of ferrous metals, along with pig iron ingots intended for remelting (charge pig iron), via road and sea transport.

Used pipes, rails, elements of railway tracks, and rolling stock are also included in the ban for a period of six months, restricting their export by road and sea transport.

The Ministry of Industry and Construction explained that the ban would increase the burden on domestic enterprises, which are experiencing a shortage of scrap. Earlier reports from the Ministry indicated that in 2023, the country's mills received 1.9 million tonnes of ferrous scrap, which is significantly less than required. On average, the enterprises were only loaded to 35% of their capacity. Experts estimate that Kazakhstan's domestic market requires 3.9 million tonnes annually.

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

India's iron ore exports on the rise

Tuesday, May 14, 2024

Colombia begins anti-dumping investigation

Tuesday, May 14, 2024

Recession of the rebar market in Türkiye in May 2024

Tuesday, May 14, 2024

Taiwan's welded steel pipe exports fall in April

Tuesday, May 14, 2024

Rising scrap exports in Ukraine caused anxiety in the domestic market

Tuesday, May 14, 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