U.S. expands Iran diplomacy effort with envoy mission to Pakistan - Friday, 24 April
Diplomatic efforts to end the Iran war are intensifying, with the White House confirming that U.S. President Donald Trump will send special envoy S...
European metal producers are urging the EU to restrict scrap exports, warning that rising US demand driven by Trump’s 50% tariffs threatens Europe’s green transition and efforts to cut carbon emissions.
The bloc’s aluminium and steel industries are lobbying for swift intervention, including the reintroduction of COVID-era export authorisation measures or new export duties, to counter a sharp rise in scrap exports that they say is inflating prices and creating shortages.
“Scrap is a big issue,” said Axel Eggert, Director General of Eurofer, the European steel industry association. “We are asking for an export duty on scrap,” he added, noting that most non-EU countries already impose similar restrictions to protect domestic supply.
Recycled scrap is central to the EU’s decarbonisation strategy. According to the European Commission, recycling can cut energy use by up to 95% for aluminium and 80% for steel compared to primary production. But with the United States hoarding its own scrap following new tariffs, Europe is increasingly becoming the world’s primary exporter.
EU scrap exports to the U.S. nearly tripled in the first quarter of 2025 to 6,028 metric tonnes. Total aluminium scrap exports from the bloc reached 345,000 tonnes in that period, according to industry group European Aluminium, which includes firms like Alcoa, Befesa, and AMAG Austria.
In 2023, a record 19 million tonnes of ferrous scrap left the EU, mainly for Turkey, India, Egypt, and Pakistan. The trend has accelerated as U.S. buyers take advantage of a $750-per-tonne arbitrage window created by the 50% import tariff, undermining the price competitiveness of EU producers.
“If that arbitrage window stays, we will see massive damage to companies that invested the most into the Green Deal,” said Rob van Gils, CEO of Austria’s Hammerer Aluminium Industries. He warned that some companies may be forced to buy high-emission primary metal from countries like India if scrap prices rise too high in Europe.
While metal producers argue that retaining more scrap is vital for hitting EU emissions targets, recycling groups oppose the move. EuRIC, representing the recycling sector, insists that there is no shortage of scrap and that current EU demand only uses about 80% of available supply.
European Aluminium head Paul Voss called for immediate action ahead of a possible trade agreement with the Trump administration, noting that such deals may not be finalised before Trump’s self-imposed 9 July deadline.
“Extraordinary times call for extraordinary action,” Voss said. “We cannot afford to wait.”
The European Commission said it is reviewing the situation and will decide in the third quarter of 2025 whether trade measures are needed for steel, aluminium, and copper.
Meanwhile, industry leaders continue to warn that inaction could jeopardise the EU’s entire carbon-neutrality agenda.
“The CO2 footprint of the aluminium industry will be down the toilet,” van Gils said bluntly.
The U.S. military has intercepted at least three Iranian-flagged tankers in Asian waters and is redirecting them away from their positions near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday, exclusively to Reuters.
Two local trains collided head-on north of Copenhagen on Thursday (23 April), injuring 17 people, five of them critically, according to emergency services.
The U.S. military is redirecting at least three Iranian-flagged tankers after intercepting them in Asian waters near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday. Meanwhile, Tehran said U.S. breaches, blockades and threats are undermining “genuine negotiations.”
The European Union is preparing its 20th round of sanctions against Russia over the war in Ukraine. The measures are close to being approved, after earlier delays linked to energy concerns in Slovakia and Hungary eased following repairs to the Druzhba oil pipeline.
Diplomatic efforts to end the Iran war are intensifying, with the White House confirming that U.S. President Donald Trump will send special envoy Steve Witkoff and adviser Jared Kushner to Islamabad for talks with Iran under Pakistani mediation.
China has urged the European Union to take its concerns seriously over new cybersecurity and digital regulations, warning they could create difficulties for Chinese companies operating in Europe.
Russia and Ukraine have swapped prisoners of war, according to officials on both sides. Ukraine’s President Volodymyr Zelenskyy said 193 prisoners, including soldiers and border guards, had been returned from Russia, some injured and facing criminal charges.
Türkiye and the United Kingdom on Thursday signed a wide-ranging strategic partnership agreement to boost bilateral cooperation, especially in defence. The deal, signed in London, signals a “new era” in relations between the two NATO allies.
The U.S. and the European Union are set to sign a memorandum of understanding on Friday to establish a partnership on the procurement and production of critical minerals, the U.S. State Department confirmed late on Thursday.
Russian emergency services have contained a major fire at the Tuapse oil refinery on the Black Sea coast, local officials said on Thursday, ending a four-day effort after a Ukrainian drone strike.
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