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Argentina has decided to extend the existing restrictions on scrap exports again for an additional year from December 23, 2021. This decision will promote Argentina’s industrial development and maintain the supply of raw materials for the industry.
Due to environmental issues, Argentinian authorities wanted to increase scrap consumption in the local market, and the international trade of scrap has hiked significantly in recent years.
The products under the export restrictions are under HS codes 7204.10.00, 7204.21.00, 7204.29.00, 7204.30.00, 7204.41.00, 7204.49.00, 7204.50.00, 7404.00.00, and 7602.00.00.
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