Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Indonesia’s Surveyor (KSO SCISI) has resumed new inspections of non-hazardous and toxic (Non B3) waste including ferrous scrap from December 17.

 

A ban on transhipments was imposed on Nov 22 after the announcement of new scrap import regulations by the Indonesian government. This led to a suspension of all inspections of scrap imports from all origins for more than three weeks as they are categorised as non-toxic waste. The regulations came with stricter criteria for scrap imports to prevent hazardous and unwanted waste from entering the country, illegally. 

 

Indonesia’s ferrous scrap market was in ‘wait-and-watch’ mode due to changing scrap regulations. On resumption of inspection, trader can now resume transhipments and need not divert their cargoes to other destinations. New regulations require that the exporter must be registered in the country of origin of scrap.  

 

Davis had reported takeways of a Dec 10 meeting between the Indonesian trade ministry and industry participants that hinted on the easing of transshipments regulations. 

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