In August this year, Japanese ferrous scrap exports amounted to 495,633 mt,falling by 9.1% compared to 545,311 mt in the same month of the previous year, according to customs statistics.

In the January-August period this year, the country exported 4.08 million mt of scrap, falling by 23.7% year on year.

During the given period, South Korea was the biggest importer of Japanese scrap, importing 2.09 million mt, down by 1.4% year on year. South Korea was followed by Vietnam and Taiwan, importing 902,655 mt and 368,012 mt of scrap, down 46.7% and down 16.9 percent, respectively, year on year.

Meanwhile, Japanese scrap exports to Bangladesh rose to 190,842 mt in the January-August period this year, down from 292,591 mt in the same period of the previous year.