The Argentinian government has extended an existing suspension of ferrous scrap exports for 360 more days, the country said in a decree published at the nation’s official gazette, Boletín Oficial (BO).
According to the Argentinian government, the products subject to the export ban currently fall under the Customs Tariff Statistics Position Numbers 7204.10.00, 7204.21.00, 7204.29.00, 7204.30.00, 7204.41.00, 7204.49.00, 7204.50.00, 7404.00.00 and 7602.00.00.
The measure took effect Tuesday on July 2, 2016, and is not valid for the Argentinian territory.
Argentinian president Mauricio Macri, who signed the decree, said
Argentina “lacks” a “fluid supply” of iron and steel scrap. He added the domestic steel industry has seen the supply of the feedstock affect its regular development.