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A project to export scrap metal fell apart after the Iraqi government banned scrap exports in 2004, Mr. Bailey said.
In a possible prelude to restrictions, government agents in Russia and South Korea have started to monitor scrap exports closely.
But many in Mongolia believe that the lull in scrap exports to China will end after the elections, and the trade will pick up again.
Schnitzer Steel Industries, a Portland, Ore., company that is one of the nation's biggest metal recyclers, is cutting 300 jobs, or 7 percent of its work force, as scrap exports to China plunge.
But American scrap exports to China fell by about 35percentt in the first two months of this year, after the ban was implemented, said Joseph Pickard, chief economist for the Institute of Scrap Recycling Industries, a trade group.
Regardless of its cause, the scale of the problem is most dramatically reflected in figures showing that from 1995 to 1998, the export from Russia of copper scrap jumped to 356,000 tons from 28,600 tons, while aluminum scrap exports leapt to 367,500 tons from 11,900.
Similar(54)
Scrap export bans and restrictions.
In the Russian Far East, scrap export volumes are running at double the 2003 levels.
Based on the amount of domestic scrap exported to China, the researchers estimate that the United States will have to contend with 37 million metric tons of extra waste, an amount it's not prepared to handle.
Furious at what it regards as "unreasonable" protectionism that "lacks legal grounding", China announced on May 30th that it was immediately scrapping export tariffs it had introduced earlier this year on 81 textile products to slow the surge in exports.
The collapse of Saddam Hussein's Army and infrastructure in Iraq produced a great deal of scrap, and thanks to a scrap-export ban imposed by the Iraqi government, in 2004, most of the metal remains in the country; it is the raw material for Iraq's future steel industry.
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