Scrap Metal Import in China, 2019-2023 - Dominated by Copper, Steel & Aluminum Scrap - ResearchAndMarkets.com

The "Research Report on Scrap Metal Import in China, 2019-2023" report has been added to ResearchAndMarkets.com's offering.

According to the report, China's scrap metal imports are dominated by copper scrap, steel scrap and aluminum scrap.

In 2017, the imported copper scrap in China reached about 3.56 million tons while the recycled copper scrap amounted to only about 2 million tons, representing 64% reliance on copper scrap imports; the imported steel scrap reached about 2.32 million tons while the recycled steel scrap exceeded 100 million tons, representing less than 2% reliance on steel scrap imports; the imported aluminum scrap reached about 2.17 million tons, and the recycled aluminum scrap amounted to about 5 million tons, representing about 30.3% reliance on aluminum scrap imports.

In 2017, the average price of imported aluminum scrap was about 1,303 USD/ton, which was only about 75% of that of domestic aluminum scrap; the average import price of copper scrap was about 2,571 USD/ton, which was only 60% of that of domestic copper scrap. Therefore, Chinese metal smelters can significantly lower their production costs by importing copper scrap and aluminum scrap.

In 2017, the U.S. directly provided 15% of China's copper scrap imports and 28.5% of the aluminum scrap imports. Given that part of scrap metal imports from Hong Kong actually came from the U.S., the proportions should be higher. If the Sino-U.S. trade war continues, China's import of scrap metals, especially the import of copper scrap and aluminum scrap, will be adversely affected.

As China lacks metal mineral resources, it still needs to import a large quantity of scrap metal, especially copper scrap and aluminum scrap from 2019 to 2023. If the trade tensions between China and the U.S. subside, the import volume of scrap metals in China will keep rising. Otherwise, it will probably see an ongoing contraction.

Topics Covered

• Major factors influencing scrap metal import in China
• Overview of scrap metal import in China
• China's reliance on scrap metal imports
• Major sources of China's scrap metal imports
• Prices of domestic and imported scrap metals in China
• Prospect of scrap metal import in China from 2019 to 2023

For more information about this report visit https://www.researchandmarkets.com/research/bqlxnx/scrap_metal?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20190121005125/en/