US non-ferrous scrap exporters bracing for disruptions

Non-ferrous scrap market participants in the United States are bracing for massive trade disruptions as a result of impending Chinese import restrictions - and a rumored quota system - set to take effect on Monday July 1.

“From July 1 onward, all non-ferrous scrap importers must apply for import permits. How the process is going to be put into place - and the number of quotas for importers, and the qualifications for importers - is unknown. As a result, Chinese consumers are trying to push for enough quantity of material to cover them for the months of July and August in case there are any issues or if there is any delay in the process of import permits,” one US exporter said.  In December 2018, the Chinese government announced that it would restrict imports of certain grades of non-ferrous and ferrous scrap beginning on July 1, 2019, pushing the Asian country closer to a potential outright ban on scrap imports that could be in place by the...

Published

Brad MacAulay

March 21, 2019

21:38 GMT

Pittsburgh