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The pursuit of red metal units by Chinese copper and brass producers soon led to a massive scrap importing and processing sector that deployed manual labor to harvest furnace-ready copper from such materials as mixed motors, baled wire and cable and mixed shredded metal “heavies.”
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On the scrap metal side during those two decades, the buying habits of Chinese processors and consumers largely dictated how scrap motors, lower grade wire and cable and shredder plant mixed nonferrous metals were handled.
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Much of the drop will result from China’s MEP restricting the volume of wire and cable scrap and scrapped motors entering the nation, Metal Bulletin says. In early 2018, the MEP has been slow to release import quotas for both types of scrap.
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