[Ferro-Alloys.com]

On January 1,2021, European Metallurgical and Mitsui products signed a contract for the import of recycled iron and steel raw materials. It is reported that this is recycled steel raw materials after the release of import restrictions after the first domestic orders.

December 14,2020, the State Administration of Market Supervision and Administration (State Standardization Administration Committee) approved the issuance of the "Renewable Iron and Steel Raw Materials "(GB/T 39733-2020) recommended national standards, which were formally implemented on January 1,2021. The introduction of this standard can not only promote the import of high quality recycled iron and steel raw materials, improve the ability of iron resources guarantee in China, alleviate the situation of excessive dependence on iron ore in the iron and steel industry, but also improve the quality of recycled iron and steel raw materials. To meet the needs of high-quality development of China's iron and steel industry. As a specialized operating platform of China's Baowu metal renewable resources, European Metallurgical Co., Ltd. actively seize the opportunity to quickly start docking with foreign high-quality customers, and strive to complete the import of recycled steel raw materials in the first time after the introduction of domestic support policies.

As of December 31,2020, the Ministry of Ecology and Environment, the National Development and Reform Commission, the General Administration of Customs, the Ministry of Commerce, the Ministry of Industry and Information Technology issued a notice that, as of January 1,2021, Renewable iron and steel raw materials that meet the standards of "Renewable steel raw materials "(GB/T 39733-2020) are not solid wastes and can be imported freely.

After the announcement, European Metallurgical chain Gold commissioned its chain Gold International to immediately agree with foreign customers on import matters, and finalized an agreement with Japan's largest conglomerate Mitsui property. After the completion of the review of the terms of the contract, on January 1, the two sides formally signed a contract to purchase 3000 tons of Japanese heavy recycled steel raw materials from Mitsui to Shanghai Port for Baosteel stock production.