Japan: Ferrous Scrap Exports Increased Marginally in Aug’17

Bangladesh doubled ferrous scrap imports from Japan in Aug’17.

Japan – a major exporter of ferrous scrap has witnessed marginal growth of 3% M-o-M in its ferrous scrap exports in Aug’17.As per recent customs data, Japan has exported 0.71 MnT ferrous scrap in Aug’17 compared to 0.69 MnT in Jul’17.

The country exported 5.33 MnT ferrous scrap during the period of first eight months of CY17 (Jan-Aug’17). A drop of 11 % Y-o-Y has noted in its exports against 5.97 MnT ferrous scrap exports in the same period in CY16.

On the yearly basis, ferrous scrap exports from Japan witnessed growth of 11% Y-o-Y in Aug’17.The country had exported 0.64 MnT ferrous scrap in Aug’16.

Japan mainly exports special grade H2 scrap along with other preferred grades as shredded, HS, Sindachi and H1.Major ports for scrap exports were Tokyo, Kobe, Osaka, Nigoya and Yokohama in Japan.

South Korea remained preferred destination for Japan’s ferrous scrap exports –

South Korea continued to remain preferred destination for the Japanese ferrous scrap exports again with 2.53 MnT imports during Jan-Aug’17 followed by China (1.15 MnT), Vietnam (1.00 MnT) and Taiwan (0.33 MnT) respectively.

China’s scrap imports from Japan stood at 0.12 MnT, dropped 8% M-o-M in Aug’17.
South Korea imported 0.29 MnT ferrous scrap in Aug’17.while Vietnam imported 0.18 MnT ferrous scrap again in Aug’17.

Taiwan halved its ferrous scrap imports from Japan during Jan-Aug’17 against same time frame in CY16.

Bangladesh registered 100% hike with 0.04 MnT ferrous scrap imports from Japan in Aug’17 against 0.02 MnT imports in Jul’17.United States Imported 0.04 MnT in Aug’17 after remained silent for earlier three months.

Country wise Japan ferrous scrap exports –

Quantity In MnT,
Source: SteelMint Stats