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CSI: China’s shrinking scrap market

CSI: China’s shrinking scrap market (July 13, 2023)

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China’s scrap market is shrinking, and has been for some time. That is unusual for a developing economy which should be seeing scrap availability surge. This issue looks at why that is, and how the trend might develop in future. After all, it was only recently that some analysts were concerned about a tidal wave of Chinese scrap exports overwhelming international markets. Now China can barely source enough scrap for its own use. The repercussions of China’s ferrous scrap balance will have impacts across the globe.

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