In February this year, Japanese ferrous scrap exports amounted to 512,866 mt, falling by 19.7% compared to 639,140 mt in the same month of the previous year, according to customs statistics. In the January-February period this year, the country exported 815,288 mt of scrap, falling by 28.4% year on year.
During the given period, South Korea was the biggest importer of Japanese scrap, importing 510,463 mt, up by 25.3% year on year. South Korea was followed by Vietnam and Taiwan, importing 149,091 mt and 40,337 mt of scrap, down 64.7% and down 72.8 %, respectively, year on year.
Meanwhile, Japanese scrap exports to Bangladesh decreased to 40,027 mt in the January-February period this year, down from 68,740 mt in the same period of previous year.