Japan: Ferrous scrap exports increase by 22% in Oct’20

Japan- the world’s leading ferrous scrap supplier witnessed an increase by 22% to 0.89 mn t in Oct’20 as against 0.73 mn t in Sep’20, as per data recorded with SteelMint. Vietnam remained the major buyer and imported 0.37 mn t in Oct’20. Active inquiries for Vietnam origin billets from China, supported scrap buying.