In 2019, global scrap consumption was around 686 million tonnes, with China accounting for around 240 tonnes, according to Navigate Commodities. Photo: Reuters In 2019, global scrap consumption was around 686 million tonnes, with China accounting for around 240 tonnes, according to Navigate Commodities. Photo: Reuters
In 2019, global scrap consumption was around 686 million tonnes, with China accounting for around 240 tonnes, according to Navigate Commodities. Photo: Reuters
China economy

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

Topic |   China economy
In 2019, global scrap consumption was around 686 million tonnes, with China accounting for around 240 tonnes, according to Navigate Commodities. Photo: Reuters In 2019, global scrap consumption was around 686 million tonnes, with China accounting for around 240 tonnes, according to Navigate Commodities. Photo: Reuters
In 2019, global scrap consumption was around 686 million tonnes, with China accounting for around 240 tonnes, according to Navigate Commodities. Photo: Reuters
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