Japanese scrap export drops by 44.2% in August from July

Japanese ferrous scrap export decreased by 44.2% to 279,000 tonnes in August compared with July, which represents decrease 2 months in a row according to Japan ferrous raw materials association.

Export to China decreased by 19.7% to 175,000 tonnes and to South Korea decreased by 67.9% to 81,000 tonnes while to Taiwan decreased by 5.8% to 16,000 tonnes in August from a month ago.

Ferrous scrap import increased by 96.9% to 98,000 tonnes in August from July. It increases for the first time in 2 months