EU aluminium scrap prices hit 10-year low on China scrap import crackdown

摘要

European aluminium scrap prices universally dipped on Friday September 6 with the effects of China’s moratorium on non-ferrous scrap imports finally being felt amid a loosening scrap supply picture. China announced a more stringent approach to non-ferrous scrap imports starting on July 1, 2019, with some participants at the time believing the move would have a negligible impact on the European secondary aluminium market since good quality secondary aluminium products are mostly consumed domestically.