Scrap over scrap
scrap traders of the United Arab Emirates (uae) are up in arms against the country's new scrap export rules, which they fear would be devastating for its us $ 4.08 billion scrap business. The imposition of a new tax and set of restrictions would further harm the business that is already suffering the burden of stricter rules by importing countries, they say. Thousands of tonnes of scrap are already held up in Dubai due to the new tax of us $68.06 per tonne of scrap export.
Most of the scrap from the Middle East lands in Dubai for being exported to south and east Asia. India and China are the biggest importers. The business has already been hit by India's recent measures to regulate its import (see
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