China's ferrous scrap imports could reach 5 mil mt in 2022 in wake of ban lifting: ZMMC trader

摘要

Singapore—China’s state-owned trading company Zhejiang Metals and Materials Co. anticipates China’s ferrous scrap imports will surge to 500,000-1 million mt in 2021 and 3 million-5 million mt in 2022 as the country’s push for carbon-neutrality boosts demand for high quality materials, senior trader Lim Kok Jiak told S&P Global Platts in an interview March 10. The country lifted its two-year ban on ferrous scrap imports on Jan. 1, enabling imports that comply with five categories of a new "recycled iron-steel materials" standard.