CHINA STEEL SCRAP: First European cargo of heavy scrap clears customs at Jingtang

The first shipment of Europe-origin HRS101-grade steel scrap has cleared customs at the Port of Jingtang on Friday June 18, sources told Fastmarkets.

The containerized cargo, comprising 1,000 tonnes of plate and structural scrap (P&S), was sold by United Kingdom commodity brokerage Atlas Commodities to China’s Zhejiang Metals & Materials Co in March.
It is believed to be the first Europe-origin scrap cargo sold to China since the East Asian country eased its scrap import restrictions at the start of this year.
A second European exporter has sold a trial containerized cargo of HRS101 scrap to China in the last month with the intention of building relationships with Chinese buyers for the longer term, Fastmarkets understands.

But there was very...

Published

Lee Allen

Tianran Zhao

June 18, 2021

10:31 GMT

Shanghai, Singapore