The National Development and Reform Commission (NDRC), China's economic planning body, has published a plan for its resource recycling industry on Wednesday July 7 to accelerate the development of a low-carbon circular economy.
The development plan, which includes a goal for the ferrous scrap usage in the steel sector to reach 0.32 billion tonnes in 2025, forms part of the country's 14th five-year plan that runs from 2021 to 2025. In 2020, scrap usage was around 0.26 billion tonnes, according to the NDRC."Building regional recycled resource processing and utilization bases in key agglomerations such as Beijing-Tianjin-Hebei, the Yangtze River Delta, the Pearl River Delta, and Chengdu-Chongqing should be...