GACC: China's stainless steel scrap imports tumble 31% MoM in July

China's stainless steel scrap imports totaled around 15,500 tonnes in July, marking a significant decline of 6,800 tonnes or 30.6% month-on-month, according to new data from the General Administration of Customs (GACC). However, the volume still surged by 8,300 tonnes or 113.9% from July last year.

Last month's result took cumulative imports for the January-July period of this year to some 116,600 tonnes, an increase of 54,900 tonnes or 88.9%, compared with the first seven months of last year, the GACC statistics indicate. Japan remained China's largest supplier of stainless steel scrap, with supplies last month