China imports first batch of recycling iron and steel materials

Time:2021-02-01 15:45:24      Source:Xinhuanet.com
China imported the first batch of overseas recycling iron and steel materials after it implemented the national standard on such articles effective from Jan. 1 this year, the China Iron and Steel Association said Friday.
 
The materials weighing 3,002 tonnes were shipped from Japan to east China's Shanghai.
 
China's move to make full use of overseas high-quality recycled iron resources will help alleviate the irrational price rise of iron ore and scrap steel in the domestic market, as well as meet market demands, said Jiang Wei, an official with the association.
 
China officially released the national standard on recycling iron and steel materials on Dec. 17, 2020, specifying the definition, classification, technical requirements, inspection methods, and acceptance rules for recycling iron and steel materials.
Index RMB/t DoD Basis Date
Datong 5500 455 0 ex-mine 07-01
Shuozhou 5200 445 0 FOR 07-01
Ordos 5500 420 0 ex-mine 07-01
Yulin 6200 540 0 ex-mine 07-01
Liulin Low-sulphur 565 0 ex-mine 07-01
Gujiao Low-sulphur 1095 0 FOR 07-01
Xingtai Low-sulphur 1210 0 ex-Factory 07-01
Yangquan PCI 795 0 FOR 07-01
Index RMB/t WoW WoW% Date
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