China’s first recycled steel cargo arrives after doors reopen; jitters ease
The first cargo of recycled steel bought after China reopened its doors to ferrous scrap imports has arrived and been discharged, and initial market apprehension around whether it would pass customs inspections is easing.
This is happening at a time when the arbitrage window for China to import is reopening, with international scrap prices having slumped nearly 14% since the start of the year.
The Tong Mao 1, the vessel that transported the 3,000 mt shipment of HRS101 grade scrap, arrived at Shanghai port Jan. 23 from Kawasaki port in Japan, according to ship-tracking website VesselFinder.com.
元旦、春節期間 四風 問題監督舉報曝光專區通報9起典型案例-財經新聞-新浪新聞中心 sina.com.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com.tw Daily Mail and Mail on Sunday newspapers.