GACC: China's Jan-Nov ferrous scrap imports jump 10% YoY

China's imports of ferrous scrap during January-November totalled 248,872 tonnes, jumped by 10.3% compared with the same period last year, according to the latest statistics from the country's General Administration of Customs (GACC).

The rising pace for the first 11 months of this year quickened from the 4.8% on-year growth recorded during January-October, as the country's ferrous scrap imports surged last month, Mysteel Global noted. In November alone, China's imports of ferrous scrap soared 75.5% on month to hit a seven-month high of