Russian electric arc furnace (EAF) mills are advocating for the extension of the current scrap export ban. This move aims to ensure a stable supply of scrap metal for domestic production, which is crucial for maintaining operational efficiency and cost-effectiveness.
The mills argue that extending the ban will help stabilize prices and support the local steel industry amidst fluctuating global market conditions. The decision is pending approval from relevant authorities, who are considering the potential economic impacts and industry feedback.