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China initially introduced restrictions on scrap metal imports in July 2019 after Beijing had informed the World Trade Organization two years prior it would prohibit arrivals of solid waste.
A tighter global ferrous scrap supply-demand balance in 2021 will limit the frequency of material arbitrage opportunities for Chinese importers
In that time, Chinese ferrous scrap import volumes virtually fell to zero as sweeping solid-waste import restrictions took no prisoners - despite ferrous scrap's green recyclable reputation.
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