It's not actually a ban on all scrap, just some. And they've made the standards stricter -- much, much less contamination is allowed (from 1.5% down to 0.5%). You know, when someone throws something into the recycle that's not supposed to be there.
It's costing us a lot. The value of our waste has plummeted. What we used to get paid for, we now have to pay to dispose of. Literally billions of dollars lost.
This is basically China throwing tariffs back at us. We hit them with aluminum tariffs, so they hit back with rubber ones, and this ban, etc.
Everyone loses.