The Venezuelan government announced a ban on steel and raw materials exports, to ensure domestic supply stability, to crack down on smuggling activities. However, hot piece of iron is not prohibited from exportation product list.

Besides rebar, venezuela's government has yet to specify what kind of steel products export, cannot be only mention such as steel, construction steel and other products are forbidden to export. Ban also includes banned exports of aluminium and iron products, 21 kinds of food, 11 kinds of sanitary products and some medical supplies.

The Venezuelan government a move designed to protect its "big housing plan" (Gran Mision Vivienda), venezuela that consumes almost all rebar production. In addition, the implementation of the export ban is prohibited to illegally smuggled a way.

Venezuela exporters' association (AVEX) President Ramon Goyo said the ban on exports to the business world show certain negative signals, especially for investors. Aluminum and steel products is an important part of the export market of venezuela, these products have been banned exports could make in venezuela's overseas investment has become more difficult in the future.