China will release new standards for steel scrap imports by the end of 2020, the National Standard Formation Committee said at a recycled raw materials conference in Shanghai.
The new standards will support the rising demand for ferrous scrap in China and will introduce the nationwide classification and regulation of high-quality scrap, according to the China Metallurgical Information & Standardization Research Institute.China has since allocated tiny monthly import licenses for steel scrap, with September's quota at just 2,610 tonnes, bringing the...