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