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.