SMM Analysis: Increasing Aluminum Scrap Recycling, Domestic Aluminum Scrap Imports to Increase by 16% in 2023

SMM News on January 23: In recent years, with the continuous support of domestic carbon reduction policies, the recycling metal industry has developed rapidly, and the domestic aluminum scrap deep processing capacity has been expanding year by year, increasing demand for domestic and international aluminum scrap. The domestic aluminum scrap recycling system has been continuously improved, but there is still a need to import a large amount of aluminum scrap from overseas to meet the expanding demand of the downstream recycled aluminum processing industry. According to customs data, the total import volume of aluminum scrap and scrap in 2023 reached 1.753 million tons for the whole year...