According to customs data maintained with SteelMint, a vessel named 'Binnur C' is to export 29,500 MT mill scale from India. The vessel arrived at berth position yesterday at Kandla port. As per sources, the material is likely to be shipped to Japan.
Last month, KK Enterprises exported 38,900 MT mill scale to Philippines.
Indian mill scale exports declined in FY18 as export volumes to China got hampered which had remained largest destination for India mill scale exports. With Chinese government laying stricter controls on import of solid waste to the country, mill scale export volumes from India have been impacted badly.
Indian mill scale exports fell 46% in FY18
In FY18, Indian mill scale exports fell to 207,400 MT against 383,130 MT in previous fiscal. Indian mill scale exports to China have come down to 85,800 MT in FY18 compared to 216,250 MT in previous fiscal.
Amid falling exports to China, Indian mill scale exporters are eyeing new markets like Japan etc.
China's Ministry announces import prohibitions on 32 types of solid waste
As per updates received from Bureau of International Recycling, on 19 Apr'18, China's Ministry of Ecology and Environment (MEE) announced that China will ban imports of an additional 16 types of solid waste from December 2018 and a further 16 types of solid waste from Dec'19 in order to further standardise the management of solid waste imports, and to prevent, control and reduce environmental pollution.
Iron oxide, mill scale from hot rolling steel having HS code 2619000010 is also forbidden to import effective from 31 Dec'18. The announcement reads as follows:
I. To move 16 types of solid wastes such as waste electrical appliances, waste ships, baled cars, smelt slag, plastic waste from industrial sources, etc. from the "Catalogue of Solid Wastes for which Automatic Licence to Import is Granted" to the "Catalogue of Solid Wastes Forbidden to Import", effective as from 31st Dec 18.
2. To move 16 types of solid wastes such as stainless steel scrap, titanium waste and scrap, wood waste, etc. (see Appendix 2) from the "Catalogue of Solid Wastes for which Automatic Licence to Import is Granted" to the "Catalogue of Solid Wastes Forbidden to Import", effective as from 31st Dec' 19.
In talk with market participants, SteelMint learned that presently Indian mill scale exports to China are not taking place owing to strict measure on solid waste imports.