Japan: Ferrous scrap export drops by 34% in Jan’21

Japan – the world’s leading ferrous scrap supplier seen a drop in scrap imports by 34% m-o-m and stood at 0.48 mn t in Jan’21, as per data recorded with SteelMint. Vietnam continued to be the largest buyer, followed by South Korea and Taiwan. Higher Japanese scrap export prices resulted in decline exports in Jan’21