Will steel scrap import exceed expectations in 2021 when the import of secondary steel raw materials is liberalised?
The Ministry of Ecology and Environment, the National Development and Reform Commission (NDRC), the General Administration of Customs, the Ministry of Commerce, and the Ministry of Industry and Information Technology (MIIT) jointly issued the "Announcement on Regulating the Import Administration of Secondary Materials for Steel" (hereinafter referred to as the "Announcement") on December 31, 2020, effective from January 1, 2021.
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