Egypt renews ban on exporting some types of scrap, raw materials and dashboard for a period of 6 months (document)
Dr. Ahmed Samir Saleh, Minister of Industry and Trade, issued a decision to renew the ministry’s decision issued at the end of last March, which had No. 190 of 2022 for a period of 6 months, which bans the export of a number of products. The decision of the Minister of Industry and Trade stipulated that Ministerial Resolution No. 190 of 2022 will continue for a period of 6 months, starting from the first of next October, based on the memorandum of the Assistant Minister for Economic Affairs Ibrahim Al-Sajini.The Minister of Trade and Industry, Dr. Nevin Jameh, had issued a decision banning the export of some types of scrap, raw materials and dashboard paper for a period of 6 months, starting from the date of the decision’s issuance and publication in the Egyptian Gazette at the end of last March, which was scheduled to expire today, September 30.The customs items that the decision prohibits from exporting included semi-crude copper (mat); precipitated copper and impure copper; Positive electrodes (anodes) of copper for electrolytic purification, pure copper and copper alloys, in ore forms, scraps and scraps, bars, rods, angles and special shapes (profiles), of copper, and other articles of copper, cast, moulded, galvanized, or hammered, but not further worked, lead in raw or scrap forms, lead scraps, and sheets, sheets and strips of lead, of a thickness exceeding 0.2 mm;Other articles of lead and scrap, scrap and scrap of cast iron, scrap and scrap of stainless steel and other scrap, scrap of alloy steel and scrap, scrap of iron or tin-plated steel and scrap.Residuals of chips, shrapnel, milling and turning leftovers, sawdust, filings, and droppings from the stamping and shredding processes, whether or not in bundles, and other scrap and waste, including pressed tin scrap from food and chemical cans,Scrap and other scraps of ingots resulting from re-melting iron or steel scraps, scrap and scraps of aluminum and solid wastes resulting from zinc galvanizing processes (matt galvanizing),Other ashes and residues containing mainly zinc, zinc in raw forms, scrap and waste zinc, dust, powder and chips of zinc, waste and scrap of paper or paperboard.Ibrahim Al-Sigini, Assistant Minister for Economic Affairs, had stated 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 out the importance of scrap metal in achieving industrial and economic development as it is one of the alternative raw materials for basic raw materials, as it compensates 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-Sajini indicated 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 on some types of scrap and ores,Noting that as part of the follow-up to the international prices of minerals included in the decision, it was found that they increased by 1.5-30% during the current year, compared to their prices at the time of the decision’s issuance during 2021, in addition to their scarcity, which prompted many countries to stop exporting these ores.The Assistant Minister for Economic Affairs added that the prices of these raw materials are not expected to decrease at the present time. In view of the continuing repercussions of the Corona virus crisis globally, the crisis of supply shortages 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, which has caused an unprecedented increase in global prices for ore and scrap metal.
