China Scrap Trade Booms

TaizhouChina’s scrap recyclers’ profits rose 104.5% in six months.

Since 1 July, individuals selling scrap prepay 0.25% tax through recyclers’ invoices, and scrap with full paperwork is scarce.

Mined-metal shortages push factories toward scrap, and the price of copper stood at $14,470 a tonne in September.

Recycled copper-rod makers earn a 2.2% margin and run at 18.29% capacity, industry data show.

Washington plans a 15% tariff on refined copper imports from 2027, rising to 30% in 2028.

Sources: TMTPost