Japan steel scrap market facing further declines amid material oversupply

Uncompetitive prices for Japanese steel scrap have been causing exports of material to decline, which in turn has been prompting an oversupply in the country this month, sources told Fastmarkets in the week to Wednesday June 23.

• High Japan scrap export prices prevent bulk deals
• South Korea buys limited volume of Japan scrap
• Taiwan import containerized scrap prices continue to tumble
Japan

Japan is Asia’s largest exporter...

Published

Lee Allen

Tianran Zhao

June 23, 2022

09:39 GMT

London, Shanghai