Japan's Steel Scrap Exports Fell 3% Month-on-month in April

Under the pressure of insufficient demand, Japan's steel scrap exports fell slightly month-on-month in April.

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Japan's total steel scrap exports fell 2.8% month-on-month to 560,178 tonnes in April, according to Japanese customs data. In particular, shipments to South Korea fell 11.3%, 11.6% to Taiwan, and 34.5% to Vietnam. “Demand from Vietnamese mills is weak. The country’s export billet prices and domestic long products prices have also fallen. Producers cannot accept high offers for Japanese scrap,” a Japanese supplier told Metal Expert. Meanwhile, exports to Bangladesh stood at 46,535 tonnes in April, compared to zero in the previous month.

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Japan's scrap exports in the first four months of this year rose 6.8% year-on-year to 2.24mt, mainly due to sales to Vietnam and Taiwan, which rose 31% and 96% respectively. However, shipments to the country fell 21% year-on-year due to competitive domestic prices, Metal Expert has learned.

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