No blow to China users from new tariffs on steel scrap

China’s possible imposition of 25% tariffs on steel scraps from the United States since August 23 will not likely to have obvious influence on Chinese steel producers, though some may lose part of their price negotiating power with domestic steel scraps suppliers, market sources shared on Tuesday.

China’s possible imposition of 25% tariffs on ferrous scrap from the United States from August 23 is unlikely to have any obvious influence on Chinese steel producers, though some may miss the leverage that US scrap gives them when negotiating prices with domestic steel scrap suppliers, market sources said