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ISRI's statement on China's announcement of import ban-The 19th China (Guangzhou)Int’l Fastener & Equipment Exhibition
4/24/2018 緊固件展-國際緊固件展-fastener expo |
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The Institute of Scrap Recycling Industries released the following statement in response to the Chinese Government''s announcement that more recyclable materials will be prohibited for import over the course of the next two years:
ISRI President Robin Wiener said that “The Chinese Government’s announcement will have an impact on more than 676,000 metric tons, worth about USD 278 million, in U.S. scrap commodity exports to China in the first year and another 85,000 metric tons worth more than USD 117 million in the second year. Although we anticipated more import restrictions would be announced, we remain concerned about the effect these policies have on the global supply chain of environmentally-friendly, energy-saving scrap commodities and will instead promote an increased use of virgin materials in China, offsetting the government’s intent to protect the environment.”
The new prohibited items include the following:
By end-2018: steel slag, post-industrial plastics, compressed auto pieces, small electric motors and insulated wires, and vessels.
By end-2019: wood pellets, stainless steel scrap, and nonferrous scrap excluding aluminum and copper.
The policy follows earlier announcements to prohibit 24 categories of recyclable materials beginning on January 1, 2018, and the imposition of tighter quality standards on all scrap imports beginning on March 1, 2018.
緊固件展-2018第十九屆廣州國際緊固件及設備展覽會-巨浪展覽
-The 19th China (Guangzhou)Int’l
Fastener & Equipment Exhibition
- Fastener exhibition,2018 Fastener
exhibition, China Fastener exhibition, Guangzhou Fastener exhibition, 2018 Fastener
expo, China Fastener expo, Guangzhou Fastener expo
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