China scrap market eyes tax cut to boost supply
Dec 27, 2012 | 11:06 AM
SHANGHAI, China The Chinese governments latest five-year plan highlights the countrys scrap industry as a key sector, leading market players to expect government-backed growth in that industry in the near future.
The Chinese government said it wants to encourage moreand more-efficientrecycling of the growing reservoir of waste material emerging after decades of rapid economic growth, particularly as it encourages the steel industry to rely less on iron ore and more on ferrous scrap. ....
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