Taiwan extends restriction on scrap exports
Taiwanese government has recently announced that it determined to extend the restriction on ferrous
scrap exports till the end of December. The restriction on exports was initially planned to be lifted on September 10, 2004.
The extension of the restriction on
scrap exports covers four categories of
scrap, including cast iron
scrap and turnings.
According to the decision of the Bureau of Foreign Trade (BOFT), a specifial export license will be required for shipments of certain
scrap types till December 31, 2004, excluding remelted
scrap ingots and
scrap of tinned iron or steel.
As previously reported by SteelOrbis, Taiwanese government in March 2004 implemented restriction on exports of steel
scrap, cold rolled steel coils,
wire rod, reinforcing steel and steel pipes to ensure availability of these products in domestic market.