Steel Squeeze: European and Global Solutions to Address Iron and Steel Scrap Shortages

The European economy is showing signs of growth, as indicated by the recent strong Purchasing Managers’ Indices. The Eurozone saw a significant increase, with Germany’s service sector performing particularly well. In response to a shortage of iron and steel scrap in Israel, discussions are underway to introduce restrictions on its export. A draft law has been proposed to require export licenses for scrap and implement quantitative quotas to address the scarcity in the country.

Export bans on scrap are becoming more common globally, with several countries implementing restrictions to address shortages. The European Union is also considering an export ban as part of its Waste Shipment Regulation, in response to calls from domestic steel producers. At Gerber Group, we have been involved in stainless steel trading for over two decades, providing expertise in purchasing, imports, logistics, and services. We prioritize providing accurate and timely information to enable informed decision-making. It is important to note that our content may include opinions and information from various sources, and should not be the sole basis of business decisions. For inquiries, please contact us.