Our Mission

Our mission is; to develop understanding between producers, traders and consumers of long steel products around the world;

to add value to international trading activities of our members by providing an environment facilitating better relationships with the shipping and finance industries as well as inspection services;

to help our members reach useful information about the markets around the globe;

to facilitate an environment in which our members can meet new parties to create business opportunuties;

to create a better atmosphere for fair business.

News

Malaysia takes action to prevent scrap export duty evasion

Malaysia is taking a firm stand against tax evasion in its steel industry. With the launch of the Malaysian Anti-Corruption Commission’s (MACC) “Ops Metal” operation this month, an enforcement action to address widespread evasion of the country’s 15 percent export duty on scrap metal, the country is cracking down on the illegal export of scrap [...]

India-EFTA FTA to come into effect on October 1

The India-EFTA (European Free Trade Association) free trade agreement (FTA) will come into effect from October 1, 2025, India’s commerce minister, Piyush Goyal, said in a statement on Monday, July 21. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. Minister Goyal said that the two sides had signed a Trade [...]

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