Supply Chain Research

The Chinese government is set to further tighten imports of scrap metal, imposing import licenses on high grade aluminum, copper and steel. China already implemented rules for low-grade scrap in 2018, slashing an import market that was worth $13.2 billion in 2017 figures. U.S. exporters including Sims Metal Management and Greta Corp. are unlikely to receive licenses given the ongoing trade conflict. U.S. exports to China fell 72.4% year over year in 1Q 2019, with annualized shipments of $940 million that could easily fall further as a result of the new rules. Substitute shipments to Sout...