Japan's steel scrap exports in 2020 create highest record over past 11 years

According to data from the Ministry of Finance of Japan, driven by the increased demand in Bangladesh, Vietnam and China, steep scrap exports of Japan reached 9.Asian Metal Copyright Steel scrap exports moved up in February to April as the ocean freight dropped to the lowest level due to COVID-19.Asian Metal Copyright39 million tons in 2020, rising to the highest level over the past 11 years.

In 2020, Vietnam was the largest export destination for Japan. Vietnam imported 3.Asian Metal Copyright The exports mainly rose in the first half of 2020.Asian Metal Copyright41 million tons from Japan, up by 54.Asian Metal CopyrightAccording to data from the Ministry of Finance of Japan, driven by the increased demand in Bangladesh, Vietnam and China, steep scrap exports of Japan reached 9.Asian Metal Copyright6% YOY, higher than South Korea, which ranked the first in history.Asian Metal Copyright9% YOY.Asian Metal Copyright South Korea imported only 2.Asian Metal Copyright Notably, the exports to Bangladesh kept increasing.Asian Metal Copyright96 million tons from Japan, down by 24.Asian Metal Copyright9% YOY.Asian Metal Copyright6% YOY.Asian Metal Copyright Notably, the exports to Bangladesh kept increasing.Asian Metal Copyright Japan exported 1.Asian Metal Copyright96 million tons from Japan, down by 24.Asian Metal Copyright11 million tons to Taiwan, China, up by 70.Asian Metal Copyright6% YOY, higher than South Korea, which ranked the first in history.Asian Metal Copyright9% YOY.

Notably, the exports to Bangladesh kept increasing. Japan exported 867,635t to Bangladesh in 2020, up by nearly 2.Asian Metal Copyright Vietnam imported 3.Asian Metal Copyright7 times compared with 2019.

The exports mainly rose in the first half of 2020. Steel scrap exports moved up in February to April as the ocean freight dropped to the lowest level due to COVID-19.
.Asian Metal Copyright Vietnam imported 3Asian Metal Copyright