China boosts metal scrap imports after policy change – BIR
HellenicShippingNews - China’s Solid Waste & Chemicals Management Centre, part of the Ministry of Ecology and Environment of the People’s Republic of China, has published details of its ninth batch of scrap import quotas for 2020, which allows for considerably higher import quantities than in recent months, following a policy change, according to an International Recycling Bureau BIR report July 9.
This ninth batch allows 176,746 mt of copper scrap, 209,660 mt of aluminum scrap, 4,990 mt of steel scrap and 1,115,426 mt of paper scrap to enter China, BIR reported.
China’s new “recycled material” reclassification came into force July 1, allowing scrap metal to be imported as “recycled material” rather than under the more restricted “waste” category. As expected by scrap metals traders, this appears to favor higher imports of some materials and is a liberalization of some import standards. Traders had said in a BIR webinar last month that the new classification was expected to “significantly benefit scrap trading” particularly as concerns import levels of brass, copper and cast aluminum alloys into China.