The Ministry of Economy, UAE has issued a notice recently, stating that the temporary ban on steel scrap and waste paper exports has been extended until 30 Sep’22. The UAE had issued a similar notice in 2020 which said that the ban is effective from 15 May’20 for a period of four months ending 15 Sep’20. This was in regards to strengthen the country’s domestic demand. India imported 0.45 mn t of scrap from the UAE in FY22.
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