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107.54 USD Fossil Oil Fossil Oil
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6,684.34 TRY Gold (gr) Gold (gr)
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Maersk Line announces halting metal scrap transfers to China and HK

Maersk Line recently announced that it will stop shipping scrap metal to China and Hong Kong due to uncertainty in the Chinese government's policy.

Maersk Line announces halting metal scrap transfers to China and HK

From September 1, 2020, Maersk Line will reject all orders shipping all waste goods to China and Hong Kong, including ferrous and non-ferrous waste, textiles, and waste paper.

This measure reflected the company's concerns over the Chinese government's policy to ban the import of waste materials before the end of 2020.

The Chinese government's plan to reuse scrap copper and scrap aluminum as the material has been delayed; The HS code defined and the review process was not resolved, causing a lot of uncertainty for importers.

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