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Metals

Global aluminum scrap industry prepares for China’s newest normal

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Listen: Global aluminum scrap industry prepares for China’s newest normal

As China will restrict imports of aluminum scrap from July, the global scrap industry is preparing for the material flow change by the world's biggest scrap-consuming nation.

The outlook, whether near or longer term, is uncertain as no one is sure yet how much scrap China will be importing after its launch of a new import quota system in July, and whether the government is still moving to ban scrap imports in January 2021.

S&P Global Platts Senior Pricing Specialist Rebecca Grenham in Washington and Senior Editor Mayumi Watanabe in Tokyo analyze the market dynamics.