You are here

Chiho-Tiande rides China scrap wave, takes over Germany's Scholz

Deal will expand China recycler's procurement channels in Europe and provide technical expertise

BT_20160930_DNSCRAP30_2520145.jpg
China's steel scrap supply will be so big in 10 to 20 years that it may have to export the surplus with a profound impact on the global steel industry, metallics and bulk raw materials mining.

Shanghai

CHINA is on the cusp of a scrap wave that will return metal from ageing cars and expired fridges to the supply chain in a growing threat to mining companies, according to Chiho-Tiande Group Ltd, a top recycler, which is taking over one of the biggest and oldest names in Europe's