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Armenia has extended its ban on the export of ferrous and non-ferrous scrap metal for an additional six months until January 30, 2025[1][2][3][4]. The decision was made by the Armenian government to support the domestic steel industry and ensure sufficient scrap supply for local steelmakers[3]. The ban, which was set to expire on July 28, 2024, will now remain in place until early 2025[2].

 

This move is part of Armenia's efforts to protect its domestic steel production and promote the growth of the industry[1][4]. The extension of the scrap export ban is expected to have a positive impact on the local steel sector by guaranteeing access to raw materials and encouraging further investments in the industry[3][5].

Citations:
[1] https://www.steelorbis.com/steel-news/latest-news/armenia-extends-scrap-export-ban-for-six-months-1342625.htm
[2] https://finport.am/full_news.php?id=49507&lang=3
[3] https://www.kallanish.com/en/news/steel/market-reports/article-details/armenia-extends-scrap-export-ban-for-six-months-0524/
[4] https://hetq.am/en/article/139322
[5] https://twitter.com/kamraj855/status/1795797511866642566

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