ISRI learned that the Ministry of Environmental Protection (MEP) in China released two sets of guidelines to Chinese scrap importers and processors containing eligibility requirements and proper use of scrap import permits and quotas.
Our understanding from talking to several industry contacts is that these guidelines are intended to crack down on the widespread practice by Chinese companies to share import licenses and quotas, including to require that only companies that process scrap may hold licenses. The effort to curb such practice was already underway, and these announcements provide official guidance. One is a general regulation for all scrap companies and the second is specific to paper scrap processors.
We are in the process of having those regulations translated and will post them on isri.org as soon as possible. Please contact Adina Renee Adler with any information or questions.