The Chinese government's decision to implement a 30-day suspension
on the inspection operations of the Chinese Certification and Inspection Group (CCIC) North America division has brought the US scrap export market to China to a screeching halt.
The snap suspension has left thousands of non-ferrous scrap containers in limbo
, prompting many exporters to temporarily freeze purchasing activity in the US until there is more clarity on the short- to medium-term impact on the market.
US smelter- and mill-grade aluminium scrap prices were all unchanged on Monday May 7. American Metal Market’s assessment for nonferrous auto...