CHINA SCRAP NON-FERROUS BUSINESS ENJOYS SOARAWAY PROFITS
February 1st, 2012
BY MARK GODFREY, IN BEIJING
RESTRICTIONS on imports appear to be driving profits for Chinese scrap processors focused on domestic waste metal collection. There has been a huge increase in profits for private firms in 2011 processing non-ferrous metals - up 53% according to data published in February by China's National Bureau of Statistics (NBS). The NBS compiled the figures using data collected from a pool of industrial businesses with at least Chinese Yan Renminbi CNY20 million (USD3.17 million) in annual sales revenues each. Among 39 industries surveyed, 37 ...
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