Tag: Asian steel market shifts
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Japan: Ferrous scrap exports dip 5% y-o-y in CY’24, hit two-year lows
Vietnam leads on strong demand, mills’ expansions Korea volumes fall amid focus on domestic scrap Japan’s total ferrous scrap exports in calendar year 2024 (CY’24) fell to their two-year lows at 6.29 million tonnes (mnt), marking a 5% y-o-y decline from 6.59 mnt in CY’23. The drop reflects overall weaker demand from key importing nations,…