10,058.63 TRY BIST 100 BIST 100
4.83 CNY CNY CNY
34.92 USD USD USD
36.59 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.44 TRY Interest Interest
73.39 USD Fossil Oil Fossil Oil
30.95 USD Silver Silver
4.23 USD Copper Copper
104.37 USD Iron Ore Iron Ore
348.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,688.81 TRY Gold (gr) Gold (gr)

Kazakhstan government extends ban on scrap exports

The Minister of Industry and Construction of Kazakhstan has extended the ban on scrap metal exports.

Kazakhstan government extends ban on scrap exports

The decision came into force on November 2, 2024 and includes a ban on the export of aluminum, copper and lead scrap, including lead batteries, as well as scrap containing cadmium and mercury. Previously, the ban concerned ferrous scrap metal.

The Government of Kazakhstan imposed a ban on the export of non-ferrous scrap metal by any means of transport for 6 months in October 2022. The decree also included a temporary ban on the export of ferrous scrap metal by highways and sea routes. These measures were extended in October 2023.

The main importer of Kazakhstani scrap metal is Russia. In 2022 and 2023, 692 thousand and 591 thousand tons were delivered in this direction, respectively. In February 2024, against the backdrop of 12% growth in the construction industry of Kazakhstan, the government of the country expanded the ban on the export of ferrous scrap metal by rail in order to support local consumers.
In terms of non-ferrous scrap metal exports, 1,628 tons of copper and 4,845 tons of aluminum scrap were exported from Kazakhstan in 2022, 95% of which went to Russia. Due to the ban in 2023, the volume of foreign sales of these raw materials fell to insignificant values.

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

JSW Steel's crude steel output up, profit down

Wednesday, December 11, 2024

ArcelorMittal decreases production activities at its Romanian plant

Thursday, December 12, 2024

Kardemir increases its billet prices

Friday, December 13, 2024

Global steel market braces for impact as China targets Middle East

Friday, December 13, 2024

Iran's steel industry showed signs of recovery in October

Friday, December 13, 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