GACC: China's Jan-Aug ferrous scrap imports surge 31% YoY

China's imports of ferrous scrap during January-August this year totalled 228,400 tonnes, significantly higher by 31.2% compared with the same period last year, according to the latest statistics from the country's General Administration of Customs (GACC).

In August alone, China's ferrous scrap imports also jumped 29.7% on year, with the increase mainly attributed to the large rise in the import volume of stainless steel scrap. Compared with July, however, the country's total scrap imports dropped for the second straight month, edging lower by 3% to