On 15 Nov’17, China officially notified World Trade Organization (WTO) of its intent to adopt a number of environmental protection control standards for imported solid wastes as raw materials, Bureau of International Recycling (BIR) said on 17 Nov’17.
The applicable thresholds communicated at 0.5% for ferrous scrap imports to China and 1% for non-ferrous scrap. However, notified thresholds are not as low as they were initially feared.
The Chinese WTO notifications proposed the date of adoption as 31 Dec’17 and the entry into force on 1 Mar’18.
BIR, together with its member associations, will submit official comments on behalf of the industry to WTO before 15 Dec’17.
Indian mill scale exporters still waiting for clarity over the notification – SteelMint learned that Indian mill scale exporters are still lacking clarity over the notification issued by the Chinese government. And they expect things to be clear in Jan’18 after procedures renewal of licenses are completed.
Last mill scale export shipment from India was recorded in the month of Sept’17 for 19,400 MT from Kandla port. Majority of the material was shipped to Malaysia. And as per sources there are some inquiries arising from Japanese buyers.
SteelMint’s assessment for Indian mill scale (Fe 70/68%) is at USD 64-65/MT, CIF China.
Domestic mill scale prices remain stable at INR 2,200-2,300/MT (ex-Raipur) and INR 2,500/MT (FoR Kandla).
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