Ukrainian authorities aim to ban scrap exports

Ukrainian authorities are preparing to ban scrap exports from the country to help local steelmakers.

The Cabinet of Ministers of Ukraine published a draft decree on September 30, which suggests banning the export of ferrous scrap outside Ukraine until the end of 2022.
In July 2021, the country's national steel union Ukrmetallurgprom called for a ban on scrap metal exports after export volumes of the product surged amid a sharp global price rise that threatened to leave local producers short of raw materials.

Fastmarkets' index for steel scrap HMS 1&2 (80:20 mix) North Europe origin, cfr Turkey averaged $480.7 per tonne in July this year, compared with $257.6 per tonne in July 2020.
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