Tag: China scrap imports
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China’s ferrous scrap imports increase five-fold y-o-y in May’21
China’s recycled steel raw materials, or ferrous scrap, import volumes in May’21 witnessed a five-fold rise on a year-on-year basis. Scrap import shipments into China rose on strong domestic demand and robust trading after the ban on imports of steel scrap were lifted on 1 Jan’21, SteelMint notes. The world’s leading steel producer imported 111,400…