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How Chinese scrap bans are transforming global metal flows
How Chinese scrap bans are transforming global metal flows | CRU
Mexico narrowly avoided the introduction of import tariffs from the U. S last week, when President Trump settled the negotiations with an ant-immigration deal. However, the threat for manufacturers is far from over. The nation has long been hailed an ideal alternative to China due to its close geographical location to the United States, cheap labor and until recently, the promise of free trade agreements. In fact, when considering alternatives to China for importing parts, most manufacturers are looking to Mexico or lower-cost nations, such as those in South East Asia. Automotive manufacturing, for instance, is one of the most vulnerable to tariffs on imports. The supply chain often relies on parts being imported from various other countries, including China and Mexico.
Recent Chinese legislation has placed limits and bans on imports of certain scrap types, upending traditional flows. This spotlight explores how flows are changing and how evolving environmental policies will affect scrap markets in future. Rapidly rising metal demand in China, coupled with limited restrictions or safeguards on scrap quality or specifications, encouraged Chinese importers to acquire whatever grades of post-consumer and industrial scrap they could — giving rise to China as the prime example of a net scrap consuming market. Furthermore, with wide disparities between processing costs in China and more-developed markets e. North America, Western Europe, Japan and South Korea , the scrapyards and traders in those latter markets were happy to procure and sell scrap to China at highly favorable pricing and shipment terms that they could not arrange with domestic buyers.
We are pleased to offer our services to suppliers, trading firms, and steel mills all over the world. Our company welcomes all inquiries and will do our best to assist you with your scrap iron business-needs. Please feel free to call, text, eMail, or WhatsApp us any time. In order to receive top export market prices we sell directly to steel mills. Our main end-markets are in Asia, India, and the Middle East.