In 2019, global scrap consumption was around 686 million tonnes, with China accounting for around 240 tonnes, according to Navigate Commodities. Photo: Reuters
China’s scrap-steel imports ‘symbolic’ after two-year ban lifted, will not reduce need for iron ore
- China lifted scrap-steel ban for steel production at start of January after it had been blocked since 2018 to prevent global dumping of low-grade scrap ‘waste’
- Baowu Steel Group and Zhejiang Judong are reported to have agreed to deals last week to buy scrap steel from Japan, although at rates significantly above current market prices
In 2019, global scrap consumption was around 686 million tonnes, with China accounting for around 240 tonnes, according to Navigate Commodities. Photo: Reuters
