China to implement standard on recycling iron, steel

Time:2020-12-21 16:43:37      Source:Chinadaily.com.cn
China will implement its national standard on recycling iron and steel materials on Jan 1 next year, said the China Iron and Steel Industry Association (CISA) Thursday.
 
The standard specifies the definition, classification, technical requirements, inspection methods and acceptance rules for recycling iron and steel materials, said Zhang Longqiang, head of the China Metallurgical Information and Standardization Institute.
 
It will provide standard technical support to ensure the import of high-quality recycled steel resources, said Zhang, who participated in the drafting of the standard.
 
Meanwhile, the standard has strict requirements regarding environmental protection.
 
Compared with using iron ore, steel-making with recycled iron and steel materials can greatly reduce pollutant emissions, according to the standard's drafting committee.
 
The standard will facilitate the green transformation and healthy development of the steel industry, as it allows steel companies more raw-material options, while limiting the use of iron ore and its price increase to some extent, said Jiang Wei, deputy Party chief of CISA.
 
Jiang said the industry will be able to exploit more recycled raw materials, both at home and abroad, and better recycle and utilize resources after the standard is implemented.
 
The steel industry has long faced the challenges of resource dependence, environmental constraints and cost pressure. The standard has attracted much attention as it is considered a breakthrough point for the industry in solving development problems, according to industry insiders.
 
The external market environment, with its increasing uncertainties, has forced companies to trade futures to control risks, and relevant parties have been pushing forward the listing of recycling iron and steel materials futures.
 
 
 
Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-18
Shuozhou 5200 435 0 FOR 06-18
Ordos 5500 415 0 ex-mine 06-18
Yulin 6200 535 0 ex-mine 06-18
Liulin Low-sulphur 560 0 ex-mine 06-18
Gujiao Low-sulphur 1095 0 FOR 06-18
Xingtai Low-sulphur 1210 0 ex-Factory 06-18
Yangquan PCI 770 0 FOR 06-18
Index RMB/t WoW WoW% Date
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