Chinese aluminium alloy producers have forecast imminent price rises for their products after the government slapped a one-month ban on non-ferrous scrap imports from the United States.
The Chinese Certification and Inspection Group (CCIC) North America notified US exporters on May 3 that they would be unable to bring non-ferrous scrap into China until June 4."The impact for this industry is huge," one aluminium alloy producer told Metal Bulletin. The CCIC notified Chinese importers on May 4 that imports would stop immediately, according to documents sent to importers and seen by Metal Bulletin. The ban is part of escalating trade tensions between the US and China and comes after a US trade delegation touched down in Beijing this week to quell a potential dispute between the two trade superpowers.While US exporters are faced with finding new homes...