02 Dec 2013 Last updated at 00:51:22 GMT
TOKYO (Scrap Monster) : According to most recent statistics released by the Japanese Ministry of Finance (MoF), the country’s ferrous scrap exports declined sharply during the month of September this year. Japan’s scrap exports fell month-on-month and year-on-year.
The country’s total scrap exports during September amounted to 509.13 metric tons. The exports were down 21% when compared with 644.47 metric tons of exports during August this year. On year-on-year comparison, the Japanese scrap exports fell by 19.2% when compared with 630.11 metric tons exported during September last year.
The primary export destination of Japanese scrap during September was South Korea. The ferrous scrap export to South Korea totaled 252.03 metric tons, 39% down year-on-year. The second largest export destination of Japanese scrap was China. The scrap exports to China were up 3.3% in comparison with the exports during the same month, a year ago.
The MoF data also indicated that the country’s scrap export during the initial nine months of the year totaled 6.5 million metric tons, 4.8% higher when compared with the exports during the corresponding nine-month period in 2012.
Author: Paul Ploumis