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China arrests 245 over scrap steel smuggling ring

Chinese authorities have arrested 245 people as part of an investigation into scrap steel smuggling ring valued at Rmb4.8bn ($750m).

The General Administration of Customs said on Wednesday it had arrested the people over illegal exports of scrap steel to  South-east Asia avoiding a 40 per cent tariff on the material.

Customs officials had noticed a recent spike in exports of scrap steel sparking a nationwide investigation. China  cut steel production over the winter to reduce pollution.

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