30
Dec
00:00
Chinese scrap market plagued by tax and competition issues
Official organisations have ambitious goals to boost scrap use in China, but these can only be met with government intervention in tax rates and in regulation, they agreed. Meanwhile, China’s scrap suppliers have been under significant pressure this year and many have simply exited the business, Kallanish notes.
China intends to roughly double ferrous scrap consumption to around 184 million tonnes by 2020, the China Association of Metalscrap Utilisatio…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous