The authorities of the republic took such measures to reduce prices on the domestic market. When the country is closed, scrap prices decrease by 20% to 40%.
At the same time, experts say that this is lobbying on the part of metallurgical companies. And they estimate the negative consequences of the ban at 800 billion tenge (160 billion rubles), and the lion’s share of this money is the losses of self-employed citizens who directly collect scrap.
Russia is also not benefiting from Kazakhstan’s ban on scrap exports: the availability of scrap ensures the efficiency of enterprises. Kazakhstan’s ban will lead to Russian companies not receiving 500 thousand tons of scrap. A decrease in the supply of strategic raw materials will lead to price fluctuations for finished electrometallurgical products, including construction rolled products. The Association of Electrometallurgical Enterprises (AEMP) of Russia has already contacted the Ministry of Industry and Trade, the Ministry of Economy and the Eurasian Economic Commission with a request to influence Kazakhstan’s position.