Tag: Japan: Major firms boost ship recycling to meet demand for high-quality scrap

JMD: Leading Japanese companies such as Japan Yusen Line and Shimabun Corporation are ramping up domestic ship recycling to supply the steel industry’s growing need for high-grade scrap, which is crucial for electric arc furnaces. Notably, these firms anticipate intense competition for premium scrap, with a 24 mnt shortage projected in developed countries over the…