CHINA's scrap metal importers expect disruptions in shipments to start this month due uncertainty surrounding new scrap restrictions starting in July, Reuters reports
CHINA's scrap metal importers expect disruptions in shipments to start this month due uncertainty surrounding new scrap restrictions starting in July, Reuters reports. From July 1, China will restrict high-grade Category 6 copper scrap and aluminum and steel scrap, an extension of an earlier ban that started this year on Category 7 scrap.
From then, scrap metal importers into China will have to show they have the capacity to manufacture the imported scrap into refined metal or semi-finished products such as copper cathode or rods in order to receive licences and quotas from the Ministry of Ecology and Environment.
China, the world's biggest metals consumer, imported 5.34 million tons of scrap metal last year, down a third from 2017, according to customs data, as an environmental campaign against solid waste has gained momentum.
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