China lifts steel scrap bans to escape Aussie iron ore

Via Reuters:

China is expected to issue new standards for steel scrap at the end of 2020, the official Xinhua news agency reported, in a move that will allow material meeting them to enter the country after a ban on solid waste imports goes into effect.

Beijing currently categorises most scrap metal as solid waste, imports of which will be banned from the end of this year, but has already made some exceptions on the nonferrous side that will allow certain high-grade shipments to continue.

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