Trade policy developments continue to reshape the global nonferrous scrap market, as evidenced by the recently announced Chinese tariffs on scrap imports and a range of other products from the United States (see below for more details).
The rising tide of global protectionism had already impacted the flow and value of the recycled commodities that we process and broker, including Zorba and other specification-grade nonferrous metals. At the same time, primary commodity prices have come under pressure partially in response to the uncertainty surrounding the on-going trade disputes, global economic growth, commodities demand, and foreign exchange values.
That is why, now more than ever, it is imperative that our industry works together with policymakers, the press, and the general public to raise awareness about the economic and environmental benefits associated with recycling. To that end, ISRI is actively engaged with decision makers in the United States and around the world to make the case that scrap is not waste and recycling is not disposal. But we need your help. A global marketplace requires global standards, and ISRI’s scrap specifications are the world’s predominant guidelines for all scrap commodities, including nonferrous scrap. Get involved with ISRI’s Nonferrous Division to help ensure that our specifications reflect the commodities that are currently traded in the marketplace.
Just as importantly, I encourage you to participate at ISRI events including our annual Convention, quarterly board meetings, and Commodities Roundtable Forum. The changing global scrap marketplace, evolving market dynamics in China, and the latest trade policy developments look to feature prominently at our upcoming 2018 ISRI Commodities Roundtable Forum to be held in Chicago from September 5-7, 2018. We have a great line-up of speakers and moderators for our nonferrous and global economy roundtables this year and I sincerely hope you can attend the ISRI Roundtables in September!
Nonferrous Division Chair