Japanese scrap exports fall by 19% m-o-m in July

Japan- the world’s 3rd largest scrap exporter has registered a fall in its ferrous scrap exports by 19% to 0.7 mn t in Jul ‘20 as against 0.86 mn t in Jun ‘20, as per customs data maintained with SteelMint. Exports to South Korea have come down by 37% m-o-m. Higher prices and preference to Russian cargoes lowered bookings for Japanese scrap by Korean mills.