The Financial Times reports the EU plans to impose a 15% export tax on aluminum
scrap, expected to take effect on Sept. 9. The levy, reportedly Brussels' first
charge on outbound goods, is designed to curb scrap shipments to the US and Asia
and to protect EU producers. European smelters say overseas refiners have been
buying European scrap at higher prices, melting it into new metal and exporting
it back to the bloc, putting domestic firms at a competitive disadvantage.
European Aluminium director-general Paul Voss said Europe’s industry should be
able to compete on a level playing field.
