China's Shaanxi Iron & Steel books first-ever cargo of imported ferrous scrap

China's Shaanxi Iron & Steel has booked its first-ever imported scrap cargo, the company said this week.

Its trading subsidiary Tong Chuan Import & Export booked 5,000 tonnes of steel scrap from Peru, with the cargo due to arrive at Rizhao Port in mid-March.
This is the first import business in northwest China since restrictions on imports of ferrous scrap were relaxed.

“Ferrous scrap imports will make up for the lack of scrap supplies in China, and [provide] increased supply options for Chinese steel mills. At...

Published

Paul Lim

February 10, 2021

13:07 GMT

Singapore