SHANGHAI, Nov 3 (SMM)—Aluminium scrap conforming the new standard shall be imported as general goods, while those not conforming shall be imported after being approved, according to the latest policy interpretation by the Customs. In addition, it is clearly stated that 100% open package inspections, relevant qualifications and designated ports are no longer required, which means both processors and traders can import standard raw materials.
However, the policy interpretation did not mention the tariff and the secondary aluminium ingot issue. SMM learned that currently it is enterprises that have fewer approvals on hand and stockpiled aluminium scrap from Hong Kong and overseas markets that are more concerned about these issues, while most enterprises are standing on the sidelines.
