Tag: Chinese scrap exports
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Scrap Exports from China Will be Tough on New Regulations
In beginning of Jun’18, General Administration of Customs, the department under Chinese Government responsible for smooth functioning of international trades, arrested total 245 suspects in special action towards cracking down smuggling of ferrous scrap which was being exported to South East Asian countries illegally without paying 40% export duty. The preliminary investigation showed around 2.4…