The Australian Institute of Steel indicates that this raw material is a scarce resource

The Australian Steel Institute (ASI) has submitted a proposal to the Senate to ban the export of unprocessed steel scrap from the country. This is stated in the message of the organization.

According to the ASI note, the country needs to optimize waste and the circular economy. Steel scrap is an increasingly scarce and valuable resource. Without a ban on this raw material, Australian steel mills will not be able to fully serve the country’s growing construction and manufacturing sectors.

«Australia would be forced to continue to import higher volumes of steel scrap, adding to emissions through the transport process and damaging the local industry whilst potentially making it uneconomic,» the Australian Steel Institute notes.

Unprocessed steel scrap includes automotive parts and household appliances contaminated with plastic and other products that are already banned from export, the document says.

The ASI called on the Senate committee conducting the investigation to recommend to its parliamentary colleagues that the government ban the export of unprocessed steel scrap.

«The restrictions will be in line with the net zero policy and the federal government’s plans to continuously reduce greenhouse gas emissions, and encourage and support sustainable local manufacturing and create additional jobs in Australia,» the ASI said in a statement.

According to the information of the parliament, ASI’s request has been accepted, the results of the review will be notified by November 22, 2024.

As GMK Center reported earlier, according to the executive director of ASI Mark Kane, that the ban on export release an additional 800,000 tons of recycled scrap on the domestic market.