The last mid-term fiscal policy review proposed to lift the ban to allow scrap metal merchants to benefit from high prices on the international market. However, metal producers have highlighted that the plan would result in a threat to the economy.
According to metal producers, the ban would see international scrap metal merchants coming to set up shop in Zimbabwe, thereby threatening local businesses. The ban lift might also result in the smuggling of illegal commodities.
Metal producers have also indicated that the lifting of the ban would fuel the vandalisation of national infrastructure from companies such as National Railways of Zimbabwe, TelOne and Zimbabwe Electricity Supply Authority.
NewZIm Steel, formerly ZISCO, which used to provide scrap metal to most local foundries is not operational at the moment and local foundries cannot afford to have all scrap metal exported.
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