The EU’s aluminium sector seeks a 30% duty on scrap metal exports to combat record-high levels leaving the bloc, mainly for Asia. Trump’s import tariffs have exacerbated the issue, favoring scrap over aluminium exports. EU producers struggle to compete with Asian buyers due to subsidies and lower standards.

European Aluminium and Eurofer lobby for an export levy as the EU monitors scrap exports. Scrap is crucial for decarbonisation efforts, with companies investing €700 million to boost recycling capacity. Non-EU countries restrict scrap exports, but the steel sector faces immediate concerns over new import regulations.

Despite calls for export restrictions, Europe’s scrap sellers resist. Industry group EuRIC attributes scrap exports to low domestic demand and inadequate processing capacity. Recycling aluminium saves 95% energy compared to mining bauxite. The Commission will assess the need for action by the end of Q3.

Read more at Yahoo Finance: EU aluminium producers push for 30% scrap export levy