China’s General Administration of Customs (GACC) has announced that from June 10, it would no longer inspect five grades of imported steel scrap when cargoes arrive in China, while conversely, “strict inspections” are to be conducted on another five grades of recycled steel-related raw materials. But industry insiders in Shanghai have played down the significance of the GACC announcement, suggesting GACC is merely formalizing arrangements that have been in place since the beginning of this year.
The five types
of imported steel scrap for which inspections will not be conducted are shredded
scrap, scrap and waste of cans, remelted ingots, scrap and waste of pressed auto
bodies, and scrap and waste of hardware and electric appliances. The HS codes
and 7204500000, according to CACC’s announcement.
Global reported, China