The ongoing China-US trader war has battered the South Korean won, causing weaker demand for imports of Japanese scrap and dampening prices as a result.
"The bearish sentiment brought about by the China-US trade tensions has caused the South Korean won to depreciate because the South Korean economy is so dependent on Chinese demand," Hisatoshi Kojo of Japan's Metz Corporation said at the BIR 2019 World Recycling Convention & Exhibition 2019 in Singapore on May 21.The South Korean economy had also deteriorated for the...