{"id":742,"date":"2025-08-27T09:56:00","date_gmt":"2025-08-27T09:56:00","guid":{"rendered":"http:\/\/businesssinglesmeet.com\/?p=742"},"modified":"2025-09-02T15:59:46","modified_gmt":"2025-09-02T15:59:46","slug":"proposed-steel-export-restrictions-risks-collapsing-uk-metals-recycling-industry","status":"publish","type":"post","link":"http:\/\/businesssinglesmeet.com\/index.php\/2025\/08\/27\/proposed-steel-export-restrictions-risks-collapsing-uk-metals-recycling-industry\/","title":{"rendered":"Proposed steel export restrictions \u2018risks collapsing\u2019 UK metals recycling industry"},"content":{"rendered":"
\u00a0<\/div>\n

\"UK<\/p>\n

The British Metals Recycling Association has warned that tens of thousands of jobs and billions in economic activity could be endangered by potential steel export restrictions.<\/h4>\n

A new report from researchers at Sheffield Hallam University, commissioned by the British Metals Recycling Association (BMRA), has found that restrictions on British scrap steel exports risk collapsing the UK metals recycling industry.<\/p>\n

The report explores the economic impact on the UK scrap steel sector as the steel industry transitions to low-carbon electric arc furnaces (EAF), which the BMRA says is set to significantly increase domestic demand for British scrap steel.<\/p>\n

It found that an export ban to non-OECD countries would lead to nearly \u00a35bn being lost in GVA (gross value added) and the loss of over 20,000 direct and indirect jobs.<\/p>\n

Unlike traditional blast furnaces, EAFs\u2019 material mix can consist of 100% scrap steel, prompting forecasts of increased demand. To ostensibly ensure supply can meet demand, the steel industry has been advocating for restricting British scrap steel exports.<\/p>\n

\n

These findings demonstrate that restricting recycled metal exports is not a viable solution.<\/p>\n<\/blockquote>\n

However, the report states that even if every single steel furnace open today transitioned to an EAF \u2013 as is planned by 2050 \u2013 and only used scrap steel as its feedstock, over a third of all UK scrap steel would still need to be exported.<\/p>\n

Commenting on the report, James Kelly, CEO of the BMRA, said restricting exports would \u2018erode the fundamental economics\u2019 that sustain the sector in a globally competitive environment.<\/p>\n

\u201cExports are the lifeblood of the UK metals recycling industry and global demand for recycled steel is set to rise dramatically,\u201d Kelly said. \u201cThese findings demonstrate that restricting recycled metal exports is not a viable solution.\u201d<\/p>\n

The report also models what impact export bans would have in various policy scenarios. For example, an export ban to T\u00fcrkiye, the UK\u2019s largest recycled metals export destination, would result in over \u00a32bn loss of GVA and more than 6,800 jobs.<\/p>\n

Will Eadson, Professor of Urban and Regional Studies at Sheffield Hallam University, said:\u00a0\u201cUK steel is a sensitive market, and our research shows how even modest policy changes to protect domestic recycled steel can have substantial and lasting economic effects.<\/p>\n

\u201cOur economic models demonstrate why careful thought must be given to any measures which seek to restrict overseas trade \u2013 we can see clearly how quotas and bans may lower exports, but at a cost to the overall value of the sector.\u201d<\/p>\n

The post Proposed steel export restrictions \u2018risks collapsing\u2019 UK metals recycling industry<\/a> appeared first on Circular Online<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 The British Metals Recycling Association has warned that tens of thousands of jobs and […]<\/p>\n","protected":false},"author":1,"featured_media":744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"_links":{"self":[{"href":"http:\/\/businesssinglesmeet.com\/index.php\/wp-json\/wp\/v2\/posts\/742"}],"collection":[{"href":"http:\/\/businesssinglesmeet.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/businesssinglesmeet.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/businesssinglesmeet.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/businesssinglesmeet.com\/index.php\/wp-json\/wp\/v2\/comments?post=742"}],"version-history":[{"count":1,"href":"http:\/\/businesssinglesmeet.com\/index.php\/wp-json\/wp\/v2\/posts\/742\/revisions"}],"predecessor-version":[{"id":743,"href":"http:\/\/businesssinglesmeet.com\/index.php\/wp-json\/wp\/v2\/posts\/742\/revisions\/743"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/businesssinglesmeet.com\/index.php\/wp-json\/wp\/v2\/media\/744"}],"wp:attachment":[{"href":"http:\/\/businesssinglesmeet.com\/index.php\/wp-json\/wp\/v2\/media?parent=742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/businesssinglesmeet.com\/index.php\/wp-json\/wp\/v2\/categories?post=742"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/businesssinglesmeet.com\/index.php\/wp-json\/wp\/v2\/tags?post=742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}