Metals News
Tight supplies drive up tax on imports of aluminium scrap
price review forecast
04:02PM
Apr 10,2018
Source:SMM

SHANGHAI, Apr 10 (SMM) – Taxes on unauthorised invoices for aluminium scrap rose to 12% after the Qingming Festival as China's tariffs on aluminium scrap imports from the US weighed on supplies, SMM learned. 

Before the holiday, the tax rate stood around 10-11%. With higher tax rates, prices of aluminium scrap jumped and the impact cascaded down to low-end secondary aluminium alloy ingots ADC12. 

 


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