The UAE’s Ministry of Economy has announced the extension of the country’s ban on exports of ferrous and paper waste, aiming to support local steelmakers amid the deteriorating market conditions.
Accordingly, on September 15 the UAE’s Ministry of Economy issued a directive to suspend the export of raw materials, in particular steel scrap under the following HS codes 720410, 720421, 720429, 720430, 720441, 720449 and 720450, for another four months.
Note that the previous ban was issued on May 15 this year.