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...