The Ministry of Commerce bans the export of some types of scrap, raw materials and dashboard for 6 months

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Nevin Jameh, Minister of Trade and Industry, issued a decision banning the export of some types of scrap, raw materials and dashboard for a period of 6 months, starting from the date of issuance of the decision and its publication in the Egyptian Gazette.

The customs items that the decision prohibits from exporting included semi-crude (matt) copper; precipitated and impure copper; Positive electrodes (anodes) of copper for electrolysis, pure copper and copper alloys, in ore, scrap and scrap forms, bars, rods, angles and profiles, of copper and other articles of copper, cast, moulded, studded or hammered, but not further worked; Lead, in raw forms, scrap and scrap of lead, sheets, plates and strips of lead with a thickness exceeding 0.2 mm and other articles of lead, scrap and scrap of cast iron, scrap and scrap of stainless steel, and other scrap and scrap of alloy steel, scrap and scrap of iron or steel Tin-coated, scrap and scrap, chips and shrapnel leftovers, milling and turning waste, sawdust, filings, and stashes of stamping and cutting processes, whether or not in bundles, and other scrap and waste, including pressed tin scrap from food and chemical cans, scrap and other scrap of ingots resulting from re-melting scrap iron or steel, scrap and aluminum scraps, solid wastes from zinc galvanizing processes, and other ash and residues containing mainly zinc, zinc in raw forms, scrap and scrap, zinc dust, dust, powders and chips, waste and paper scraps or cardboard.

Ibrahim Al-Sigini, Assistant Minister for Economic Affairs, explained that the decision was issued based on the requests submitted by the Chamber of Engineering Industries and the Chamber of Metallurgical Industries about the damage to many companies due to the lack of scrap and ores of some types of minerals and the high prices of them locally, pointing to the importance of scrap metal in achieving industrial and economic development as one of the Alternative raw materials for basic raw materials, which compensate for the shortage and scarcity of basic raw materials for many industries, as well as their relatively low prices compared to the prices of these raw materials.

Al-Sijini pointed out that several ministerial decisions were issued that included imposing a fee on some types of scrap and metal scraps since 2002 until the last decision issued during 2021 to continue imposing a fee issued on some types of scrap and ores, noting that in the context of following up on the global prices of metal ores covered. In the decision, it was shown that it increased by 1.5-30% during the current year compared to its prices at the time of the issuance of the decision during the year 2021, in addition to its scarcity, which prompted many countries to stop exporting these raw materials.

The Assistant Minister for Economic Affairs added that the prices of these raw materials are not expected to decrease at the present time due to the continuing repercussions of the Corona virus crisis globally, the crisis of shortage of supplies and the doubling of shipping costs, in addition to the economic repercussions that the world is currently witnessing as a result of the Russian-Ukrainian crisis and its rise in global prices. ore and scrap metal in a large and unprecedented.





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