Vietnam’s scrap imports fell 1.1% to 5.58 million tonnes last year, but Japan-origin volumes to the country rose by 41.4% to 2.19 million tonnes.
Similarly, scrap imports in Taiwan fell 2.9% year on year to 3.52 million tonnes but inbound shipments of Japanese materials rose 45% to 630,256 tonnes.
Against this backdrop, Fastmarkets launched four fob Japan ferrous scrap price assessments in February
along with two others for scrap imports into South Korea and Bangladesh in March
These, along with existing assessments for prices in Vietnam
, give Fastmarkets a bigger footprint in the Asian scrap market.
Click to enlarge