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But five other grades of the steelmaking raw material will undergo such inspections from the same date.
China’s General Administration of Customs said on Thursday June 3 that it would no longer carry out imported commodity inspections on a list of 10-digit Harmonized System (HS) codes comprising mechanical and electrical products, metal materials, chemicals and artificial ornaments.
Among the 234 HS codes listed are five types of recycled steel materials.
The specification of the products, according to the HS codes, are as follows:
Conversely, the customs authority said it would start to implement imported commodity inspections on eight HS codes involving imported recycled raw materials, of which five are recycled steel materials.
Fastmarkets’ daily price assessment for steel scrap, heavy recycled steel materials, cfr China, which takes into account prices at ports in eastern China, was $500-515 per tonne on Wednesday June 2, widening upward by $5 per tonne from $500-510 per tonne on Tuesday.
The country’s customs authority will also conduct export commodity inspections on billet and pig iron from June 10.