According to the customs statistic, the total exports of scrap from Japan in the first 2 months this year were 1.14 million tons, decreased by over 26% from the same period last year. Among them, the main destinations for the Japanese scrap were Vietnam (422,600 tons) and South Korea (407,700 tons).
Moreover, some of the market participants pointed out that the main reason for the decreasing export performance was the strong domestic demand and high market price.
Soure: YIEH
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