China issues fourth batch of scrap import quotas
China has issued a fresh list of quotas on scrap imports. The list, which was released on March 7, allows for 3,520mt of copper scrap, 100mt of aluminium scrap, and 170mt of steel scrap to be imported into China. The new list is the fourth batch of quotas for 2020 released by the Solid Waste & Chemicals Management Centre in China.
Eurofer urges smooth negotiations
The European Steel Association (Eurofer) has requested the European Union (EU) and UK to reach a comprehensive trade agreement as soon as possible so that the steel industry and its suppliers and users enjoy frictionless trade. Some of the areas where Eurofer wants the EU and UK to work closely include mutual market access, alignment of standards in state aid, tax matters and other regulatory measures and practices. EU submitted their negotiation mandate on February 25 while UK submitted theirs two days later. Both can agree on an extension, but they must complete negotiations before July 1.