European ban may cut steel supply to Egypt
The European Commission is studying the imposition of restrictions on the import of metal scrap, including iron, from some non-Organization for Economic Cooperation and Development (OECD) countries. These measures could affect four iron factories in Egypt until May 2027. The purpose of these actions is to reduce carbon emissions and align with European environmental standards, without imposing a complete ban on Egyptian iron exports. Sources do not anticipate that these decisions will lead to higher iron prices in the local market, as they target only specific factories, and Egypt maintains sufficient stockpiles of scrap.
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