China's Asian Steel Group proposes to open scrap imports
Asian Steel Group, proposed to open scrap imports since scrap was a necessary resource for steel production and was also the only raw material for steel production that could replace iron ore.
This pointed out that China currently viewed scrap as waste and strictly restricted imports, which was unhelpful to save energy, reduce emissions and international trade balance.
Foreign scrap’s quality was better than domestic scrap and the prices have been lower than domestic ones for many years. Therefore, Asian Steel Group suggested importing recycled steel materials, lowering pollutant emissions, and controlling imported iron ore prices.
