February 23, 2018 / 3:22 AM / 6 months ago

China's Jan scrap metal imports plunge as new bans bite -customs

BEIJING, Feb 23 (Reuters) - China’s scrap metal imports fell 25.1 percent in January compared to same period last year, the first full month since stringent new rules on foreign solid waste were adopted, with imports of other types of waste also tumbling.

The world’s top metals consumer brought in 490,000 tonnes of metal scrap last month, data from the General Administration of Customs showed on Friday. That compares with 700,000 tonnes in December and 660,000 tonnes in January 2017.

Metal scrap typically includes scrap copper, steel and aluminium. Shipments for scrap copper were at 200,000 tonnes last month, down 27.5 percent compared to a year ago.

The customs data also showed that arrivals of waste paper and plastics in January fell sharply from the same month a year ago.

Reporting by Muyu Xu and Josephine Mason; editing by Richard Pullin

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