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China’s scrap-steel imports ‘symbolic’ after two-year ban lifted, will not reduce need for iron ore Su-Lin Tan [email protected] In 2019, global scrap consumption was around 686 million tonnes, with China accounting for around 240 tonnes, according to Navigate Commodities. Photo: Reuters China s first deals to import scrap steel since lifting a two-year ban on it last week are symbolic and do not signal that the country is set to significantly reduce its demand for iron ore as the key steelmaking ingredient, according to analysts. The ban on scrap steel for steel production was lifted from the start of January after China had prohibited its import to prevent the global dumping of low-grade scrap waste since late-2018. ....