Industry News

Chinese Import Quotas Omit Allocation for Steel Scrap

Views : 187
Update time : 2020-08-22 17:41:07

The China Solid Waste and Chemicals Management under the Chinese Ministry of Ecology and Environment (MEE) announced publication of 11th batch of metal scrap import quotas for 2020. The list features slightly higher allocation for nonferrous metal scrap. At the same time, there is no allocation for import of steel scrap in the batch announced August 18th.

The latest batch of quota allows for import of ferrous scrap and paper scrap. The domestic enterprises have been awarded rights to import a total of 195,990 tons of recovered fiber. The batch also allows for import of 14,530 metric tons of copper scrap and 2,610 tons of aluminum scrap.

ALSO READ: European Steel Manufacturers Seek Reductions in Import Quotas

A total of 13 companies were awarded the rights to import copper scrap, whereas 3 companies were permitted to import alumnum scrap. Paper scrap import rights were allocated to a total of 17 enterprises.

It must be noted that the prior batch had allowed entry of 10,110 mt of copper scrap, 3,970 mt of steel scrap and 1,110 mt of aluminum scrap into the country. 

The Chinese administration plans to phase out import quota system by 2021. It plans to impose restrictions on imports or even prohibit imports of certain scrap materials by reclassifying them as ‘resources’.

Related News
Read More >>
Olympic Steel acquires Metal Works in all-cash deal to expand products & processing portfolio Olympic Steel acquires Metal Works in all-cash deal to expand products & processing portfolio
Nov .14.2024
Olympic Steel acquires Metal Works in all-cash deal to expand products & processing portfolio
Improved steel transactions & Chinese Yuan rebound cause iron ore slight increase on Nov 13 Improved steel transactions & Chinese Yuan rebound cause iron ore slight increase on Nov 13
Nov .14.2024
Improved steel transactions & Chinese Yuan rebound cause iron ore slight increase on Nov 13
Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology
Nov .14.2024
Constellium achieves industrial-scale sorting of automotive aluminum scrap using LIBS technology
Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry
Nov .14.2024
Nigeria signs $1.2 billion contract to revive gas plants needed for aluminum industry