Reverse trade patterns see China buying steel, aluminum
Recyclingtoday - Most often thought of as an exporter of finished and semi-finished metal, in the summer of 2020 China has been finding itself importing metal from other parts of the world.
Peru-based steelmaker Corporación Aceros Arequipa has announced the sale of a 40,000 metric ton cargo of billets to China in early June for August shipment. “The ship is finishing loading right now,” the company’s Diego Arrospide Benavides told Recycling Today on August 17, adding the billets are expected to arrive in Jiangyin, Jiangsu Province, China, “by the end of September.”
States the company, “This marks the first time that Aceros Arequipa exports any of [its][its] production by firing up in the first half of 2021 its new and larger furnace, this first export cargo could signal a new era in the Peruvian steel producer portfolio.”