JAPAN SCRAP: Export prices up amid tighter supply, more sales to Taiwan

Japanese ferrous scrap export prices rose again on Wednesday April 22 with lower availability and more sales to Taiwan driving prices up, market sources said.

One scrapyard source reported gradually decreasing scrap supply in Japan amid slowing economic activity in a similar development to the low-availability environment in both the United States and Europe, Fastmarkets was told.
Japan announced its state of emergency measures in Tokyo, Osaka, Fukuoka and four other prefectures on April 7 in an attempt to restrict the spread of Covid-19 across the country.
While the collection of obsolete grades is affected, the availability of Shindachi busheling - which is mostly generated by steel sheet-consuming factories and fabricators - continues to be the main source of pressure in Japanese scrap supply.

"The quantity of scrap from factories is getting smaller and...

Published

Lee Allen

April 22, 2020

13:55 GMT

Singapore