Creating Steel Armature Industry Through Export Ban on Metal Scrap: The Case of Armenia

In spite of strong traditions in non-ferrous metallurgy, steel production was non-existent in Armenia. Steel armatures, total sales of which are equivalent of at least 0.5 percent of GDP, are exclusively imported. Situation is about to change with a large investment project by a private …rm that aims at substituting imports of steel armatures by domestic production. This …rm plans to use the scrap of ferrous metal that had been previously exported to large regional markets. As