The Ministry of Economy, UAE has issued a new notice recently stating that the temporary suspension of steel scrap and waste paper exports has been extended for another four months, SteelMint learnt from its reliable sources. Earlier UAE had issued a similar notice which was effective from 15 May’20, for a period of four months ending 15 Sept’20 in order to strengthen country’s domestic demand. Out of the total 5.74 mn t of ferrous scrap imported by India in CY19, UAE accounted for a share of 1.03 mn t.
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