Two possible contributing factors?
China puts up a green wall to US trash
That hard look, involving stepped-up inspections of containers filled with scrap metal, paper, and plastic at Chinese ports and a merciless application of the rules, has intercepted more than 800,000 tons of illegal waste since the campaign began in February, according to the customs agency
East Asian importers buy Japanese steel scrap as US offer prices rise
US suppliers' offers are limited because they are holding out to sell at $342-343/mt CFR Taiwan, a Taiwanese trader said. Bookings of containerized 80/20 last week took place at $335-338/mt CFR Taiwan.
