Camu pitches streamlining, renaming of scrap in call to reopen Chinese market to imports

The China Association of Metalscrap Utilization (Camu) is urging the Chinese government to reopen the country to ferrous scrap imports to meet rising demand and reduce steelmaking costs.

The association last week made two suggestions aimed at keeping low-grade scrap at bay in the event that the government heeds its call.
The first proposal is for China to adopt international standards of classification, which distinguishes between high-grade structural scrap, ordinary structural scrap, railway scrap, coated and uncoated packing materials and shredded scrap.
It also proposes that ferrous scrap be renamed "recycled steel materials."

China began restricting the import of various recyclable materials including ferrous scrap last year as a...

Immediate trigger for crash was new Fed Chairman pick

Gold stocks slump on metal price decline

Is the gold market starting to turn 'irrationally exuberant'?

Gold stocks explode up as equity markets languish

Gold stocks outpace flat large caps