As Europe’s economy shows signs of growth, a recent increase in the Purchasing Managers’ Indices indicates that it is gaining momentum. The Eurozone saw a significant rise, 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 the 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.