GACC: China's May aluminum scrap imports slump 16% MoM

China's imports of aluminum scrap in May ended their seven-month rise, retreating by a significant 16.1% from April to reach 159,701 tonnes, according to the latest data released by the country's General Administration and Customs (GACC).

Last month's waning demand for aluminum scrap among China's secondary aluminum smelters was largely behind the fall, Mysteel Global noted. During the last week of May, for example, production of secondary aluminum billet by the 82 Chinese smelters under Mysteel's tracking totalled 32,330 tonnes, lower by a large 12.7% from