EuRIC Issued Warning Against Imposing Restrictions on Scrap Exports

The statement issued by EuRIC noted that closing the EU borders for scrap exports will have detrimental impacts not only to the environment, but also to the region’s economy.

SEATTLE (Scrap Monster):  The trade group EuRIC, which represents recycling businesses throughout Europe, has cautioned against placing any kind of limitations on the export of scrap. It served as a reminder that exports have been crucial in sustaining recycling companies and counterbalancing the region's incredibly low domestic demand for recyclables.

ALSO READ:

Fraud Rocks Global Recycling and Metals Industry

BIR International Trade Council Appointed New Chair

Closing the EU borders for scrap exports will have negative effects on the region's economy and ecology, according to a statement released by EuRIC. Recycling businesses in the area are still seriously threatened by the declining steel and aluminum production. It stated that the European steel and aluminum industry's demands to limit scrap exports are unacceptable and unjustified.

EuRIC argues that protectionism is ineffective in addressing trade issues. Emphasizing the significant contributions made by the EU recycling industry to the region's economy and sustainable development, it encouraged EU officials to maintain the unfettered trading of scrap. Instead of impeding the industry's ability to operate, it urged the administration to support policies that encourage free trade.

In a letter to the European Commission earlier in December 2024, Eurofer and European Aluminum demanded limitations on the region's exports of ferrous and nonferrous scrap.

• Monadnock Paper Mills Earns Platinum EcoVadis Rating
• B2Gold Targets Higher Gold Production in 2025
• California Enacts Landmark Textile Recycling Law to Curb Landfill Waste
• January 15, 2025: Scrap Gold, Silver and Platinum Prices Dipped on the Index