-
Japan’s scrap exports hit two-year high in October
Japanese ferrous scrap exporters lifted shipments to a two-year high in October, fuelled by higher restocking demand from Vietnam and Bangladesh, alongside continued purchases by South Korean steelmakers. Exports for October totalled 697,000t, a 33pc month-on-month and 6.1pc year-on-year rise, according to Japanese customs data. Exports over January-October were 5.82mn t, an 8.7pc year-on-year rise. Domestic demand for scrap in Japan remained stable from mid-September to the end of October, meaning the higher exports were likely brought on by external factors. The sharp month-on-month increase in the October exports ... (full story)