Steel News

We strive to let you one step ahead of the market.

China’s restart of scrap imports to raise competitiveness among Asian countries

20 Jan 2021 15:44 reported by Joy Liu

A A A
China will once again become a major scrap buyer due to its restart of scrap imports, and it will put pressure on other importers who depend on Japan’s raw material sources, such as Vietnam, Taiwan, and Bangladesh.

According to market participants in China, Chin’s total scrap imports were expected to reach approximately 10 million tons this year. Chinese buyers prefer Japan-origin high-quality heavy scrap, so the competitiveness among Asian countries will be severer.

Back to Steel News

Related News

Australia's scrap exports fall by 9.4% in 2020

  • Scrap
  • 5 Mar 2021 16:55

Turkish scrap imports slide in Jan m-o-m

  • Scrap
  • 5 Mar 2021 15:54

Japan’s scrap exports reduce in Jan y-o-y

  • Scrap
  • 2 Mar 2021 16:23

China’s buyers remain quiet on procurement of Japan’s scrap

  • Scrap
  • 26 Feb 2021 16:34

Ukrainian steel mills agree to extend and tighten scrap export restrictions

  • Scrap
  • 25 Feb 2021 16:25

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,734.50
  • 2,751.50
  • Aluminum
  • 2,169.00
  • 2,177.50
  • Copper
  • 8,786.50
  • 8,757.00
  • Nickel
  • 16,144.00
  • 16,191.00

Learn more

Coil Exchange Center

  • 2B Coil-Apr
  • 3,150
  • 3,010
  • NO1 Coil-Apr
  • 3,120
  • 2,980
  • 2B Coil-Apr
  • 3,150
  • 3,010
  • NO1 Coil-Apr
  • 3,120
  • 2,980

Learn more