China Metallurgical Information and Standardization Institute (CMISI) along with China Association of Metal Scrap Utilization (Camu) have commenced the process of setting new standards for imported scrap.
If the government gives its nod to re-classify high-quality ferrous scrap as recyclable materials, it could avoid a complete halt of scrap imports. At present, these associations recommend dividing scrap into high-quality structural steel, ordinary structural steel, railway scrap, packing materials and crushed materials for better docking international scrap standards.
They believe these new standards would encourage imports of only high-quality scrap and reduce the negative impact of waste on the environment. For the process, these associations will seek inputs from steel manufacturers, traders, steel scrap processors and related firms for setting up the new standards.
CAMU estimates scrap consumption in 2020 will drop by 10 -15pc from the previous year.