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Further Chinese import restrictions announced

byCT Report
21/04/2018
in Latest News
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BEIJING: The restrictions will come in two waves. Firstly by 31 December 2018, solid waste from waste hardware, waste ships, pressed parts from waste autos and waste plastics from industrial sources are among those that will be restricted.

On the same date a year later, 16 further types of material will be banned from being imported, including stainless steel scraps and wood waste.

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It is believed the restrictions will impact industries exporting for example, cable-based products to China, as well as motor products, with markets outside of China expected to take some of the prohibited material.

In a statement responding to the announcement, the US Institute of Scrap Recycling Industries (ISRI) explained that the announcement will impact on more than 676,000 metric tons, worth about $278 million, in U.S. scrap commodity exports to China in the first year. ISRI also said a further 85,000 metric tons worth more than $117 million in the second year will be impacted.

ISRI president Robin Wiener said he is concerned, despite anticipating more import restrictions.

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