China's Copper Scrap Imports Increased in the First Two Months of 2022 YoY amid Tight Supply

SHANGHAI, Mar 23 (SMM) - According to the data released by the General Administration of Customs, P. R. China, China's imports of copper scrap in January and February were 162,900 mt and 109,800 mt respectively, both higher than the same period last year. The main reason is that the imported copper scrap that meets the requirement can freely enter China as renewable resources, and the related operations become more mature as time goes on. In addition, Caishui No.40 which was taken effect on March 1 had a great impact on the domestic copper scrap market.