12,747.88 TRY BIST 100 BIST 100
43.27 USD USD USD
6.25 CNY CNY CNY
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0.12 CNY CNY/EUR CNY/EUR
35.98 TRY Interest Interest
63.99 USD Fossil Oil Fossil Oil
5.87 USD Copper Copper
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106.07 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,533.08 TRY Gold (gr) Gold (gr)
104.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Maersk Line announces halting metal scrap transfers to China and HK

Maersk Line recently announced that it will stop shipping scrap metal to China and Hong Kong due to uncertainty in the Chinese government's policy.

Maersk Line announces halting metal scrap transfers to China and HK

From September 1, 2020, Maersk Line will reject all orders shipping all waste goods to China and Hong Kong, including ferrous and non-ferrous waste, textiles, and waste paper.

This measure reflected the company's concerns over the Chinese government's policy to ban the import of waste materials before the end of 2020.

The Chinese government's plan to reuse scrap copper and scrap aluminum as the material has been delayed; The HS code defined and the review process was not resolved, causing a lot of uncertainty for importers.

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