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India Seeks EU Relief From Metal Scrap Export Curbs
India has requested relief from upcoming European Union restrictions on metal scrap exports. Steel and aluminum producers say the curbs could reduce supplies and raise costs.
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India has asked the European Union for relief from planned curbs on metal scrap exports. Steel and aluminum makers said the restrictions could tighten supplies, raise costs, and reduce benefits from an existing trade agreement. Industry and government officials confirmed the request. They said the curbs would affect shipments of scrap metal used in steel and aluminum production.
Officials noted that the export limits could undermine gains from a trade pact between India and the European Union. The same officials said producers are monitoring supply chains for potential disruptions. No timeline for a response from the European Union was provided.
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