China resuming steel scrap imports in 2021 will directly affect global steel markets because of supply shortages, speakers on the Turkey panel at Fastmarkets' recent Middle East Iron and Steel virtual conference said.
China will end the ban on imports of ferrous scrap on January 1 after it reclassified certain qualities steelmaking raw materials under the new regulations.Turkey imported 18,856,851 tonnes of steel scrap in 2019, according to the Turkish Statistical Institute (TUIK). This figure made Turkey the...