Beijing permits fewer tonnes under scrap import quotas

China Solid Waste and Chemicals Management, the state conduit regulating the import of waste materials, disclosed the latest list of companies granted quotas for importing ferrous and non-ferrous scrap on November 5, and this time, the tonnage of non-ferrous metal scrap approved for import is much lower than in the previous quota disclosed on October 17, Mysteel Global noted.

In the latest release, six Chinese processing companies and aluminum smelters are permitted to import 13,770 tonnes of aluminum scrap, some 69% less compared with the most recent batch China Waste Management approved last month. During third quarter, the total aluminum scrap import quota amounted to a large 405,416