China keeps export tariff on scrap at 40%, imports remain duty-free

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China will maintain an export duty of 40% on steel scrap, while imports will not attract any tariff, as per reports.
China imported over 450,000 t of scrap till Sept of CY’21 after restrictions were lifted on 1 Jan’21.
Scrap exports are being discouraged to ensure domestic supply, while imports are duty-free in view of the country’s carbon-neutral pledge and rising EAF steelmaking capacity.

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