Japan has increased its ferrous scrap exports to non-traditional markets on expectations of an oversupply of ferrous scrap from 2020 after the current wave of demand from the Tokyo 2020 Olympic Games ends, Genkichi Ando, chairman of the international network committee from the Japan Iron & Steel Recycling Institute, said this week.
Japan started ferrous scrap exports to countries such as Bangladesh in recent years, while increasing its export volumes to Vietnam, Ando said at the 12th China International Metal Recycling Conference 2019 in Zhuhai, China.Ferrous scrap exports to Vietnam expanded to 1.57 million tonnes in 2018, up by 21.1% year on year, while exports to Thailand slightly increased to 55,000 tonnes and...