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Article: The hunger: scrap exporters are optimistic that offshore buyers, especially in China, will continue to demand sizeable amounts of material. (2003 Ferrous Scrap Supplement).
- Article from:
- Recycling Today
- Article date:
- January 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 G.I.E. Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Over the past decade China became the "it" place for business. As the country cranked up its manufacturing base and developed a more market-oriented economy, many business people--scrap recyclers included--attempted to capitalize on this growth trend.
While opportunities were plentiful, concerns--some real, others urban legends--grew. Some concerns cited were shaky payment schedules, inexplicable material downgrades and boom/bust purchasing routines. All of these factors, as well as others, created challenges initially in the midst of opportunity.
Fast forward to today. China is the focal point of business for many exporters. The country has rapidly ...