European Steelmakers Demand Restrictions on Scrap Exports

SEATTLE (Scrap Monster): The European Commission has been urged by the European Steel Association (EUROFER) to place stringent limitations on scrap exports from the area. It pointed out that member nations' aggressive climate policies are probably going to result in a notable improvement in the demand for scrap. Additionally, it stated that scrap is a strategic secondary raw material for the steel sector in Europe.

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Under the Critical Raw Materials Act, European steelmakers lobbied EU member states to acknowledge steel scrap as a crucial secondary raw material. The updated EU waste shipment legislation must be applied consistently and effectively by all member states. In order to guarantee a sustainable and varied supply of raw materials, they must also make sure that bilateral free trade agreements are fully utilized and that unwarranted export prohibitions are removed.

Ferrous scrap exports from the EU zone reached 17.67 million tons in 2023, a 5% increase over 2022. According to Customs figures, the export quantities for the first eight months of this year were approximately 11 million tons. Up to two-thirds of all EU exports have been to Turkey, with Egypt, India, and Pakistan being the other main trading partners in the scrap trade.