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China Stops New Orders for Japan Scrap Steel, Umetal Says

Chinese buyers stopped new orders of scrap steel from Japan and blocked some existing cargoes because of concern over radiation from a crippled nuclear plant, researcher said.

China, the second-biggest buyer of scrap metal from Japan, “stopped taking new orders shortly after the radiation problem was detected and almost all cargoes from Japan were prohibited unless provided with a third-party guarantee,” Zhao Ziyi, an analyst at, said from Beijing. Umetal controls H&C S Holdings Pte Ltd., a Singapore-based scrap metal trader.