Japan ferrous scrap exports up 3% in 2019 with seller focus on foreign markets, JISRI says

Exports of ferrous scrap from Japan rose 3.4% in the full year of 2019, according to data from the Japanese Iron and Steel Recycling Institute (JISRI), amid lower local demand and higher interest from developing Asian markets.

Overall scrap export volumes rose to 7.66 million tonnes over the 12 months of 2019, compared with 7.4 million tonnes in 2018.
Falling electric arc furnace (EAF) output - down 6% in January-November 2019 - hampered demand for Japanese domestic scrap last year, while demand for Japan scrap in key export markets should keep rising, JISRI said.
Such a situation has left scrap sellers in an 'unstable' environment where they are 'depending' on export market demand to rise, the organization added.

Japan's steel output slid 4.8% year on year to 99.28 million tonnes...

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