BIR 2019: BMRA on what will happen to UK, EU scrap market in the case of No-Deal Brexit

New customs declaration procedures could be put in place by European Union member states if the United Kingdom ultimately leaves the bloc with no agreement in place (a “no-deal Brexit”), an industry association told Fastmarkets this week.

This would cause months of congestion affecting UK-origin scrap cargoes although no long-term disruption was expected for the UK’s metals recycling sector, worth £7 billion ($8.6 billion) per year, it added. “The only concern arising from the scenario is the new customs declaration that might be required by EU member states,” James Kelly, chief executive officer of the British Metals Recycling Association (BMRA), said in an interview on Tuesday October 8. “But we are still not sure what these new customs declaration will look like,” he added. “[It] could be filling in forms regarding content of scrap, weight, [etc].” The UK government has said that it will take the country out of the EU on October 31, with or without a deal. In the latter scenario, UK officials and their EU counterparts would have to work with each...

Published

Julian Luk

October 10, 2019

09:31 GMT

London