Posted on 22 Apr 2024
Israel’s Ministry of Economy is pushing for legislative changes to limit the export of steel scrap, according to media sources seen by Kallanish.
According to the ministry, the steel sector consistently faces a shortage of hundreds of thousands of tonnes of steel scrap annually.
The shortage intensified during the war in Gaza due to various factors, including a decline in scrap metal collection activities and suspension of tenders for its sale.
Approximately 90% of Israeli scrap metal exports are directed to Turkish steel industry. Turkey imported 30,059t of steel scrap in January and 35,949t in February despite the Gaza war. Of Turkey's total scrap imports of 18.8 million tonnes in 2023, 400,000t came from Israel.
On April 9, Turkey implemented an immediate restriction on the export of 54 product groups to Israel, including steel items.
Source:Kallanish
