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ISRI issues travel warning for China

Reports of a trader being kidnapped in China have prompted the Institute of Scrap Recycling Industries (ISRI) to warn its members.American-based ISRI said that it had become increasing concerned by reports of cancelled orders and contract defaults. It also cited attempts by Asian buyers (from China in particular) to extort extraordinary discounts from the contracted prices for shipments of scrap.However, it referred to the report of the kidnap of a senior executive ...