New Chinese scrap Q4 import quotas to be released in August - sources

Chinese scrap buyers are readying to apply for additional import quotas for the fourth quarter from early August, Fastmarkets has learned.

China implemented a quota system in July this year to restrict inflow of metal scrap, including scrap copper, aluminium, ferrous and paper.
This will be the third round of scrap import quotas issued, with the earlier two rounds totaling 365,429 tonnes of copper scrap.

“We have already used up all of the granted...


Julian Luk

July 26, 2019

15:25 GMT