China eyeing restart of ferrous scrap imports in H1 2021, says trade

摘要

Singapore—China is likely to allow the resumption of ferrous scrap imports from early 2021, or at least no later than June, market sources close to the issue said Oct. 27. Chinese authorities banned such imports in July 2019 due to environmental concerns, but have been pushing for a resumption with stricter controls since May, deeming scrap a recyclable resource that will reduce polluting emissions during the steelmaking process and align with efforts to decarbonize the economy.