Author: Paul Ploumis03 Jun 2014 Last updated at 06:39:29 GMT
TOKYO (Scrap Monster): The scrap exports by Japan during the month of April fell sharply, as per the latest data released by the country’s Ministry of Finance. According to MoF data, the country’s scrap exports totaled 755,000 tons during the month. The exports have dropped by 14.4% when compared with the exports during the same month a year ago.
Upon comparison with the previous month, Apr ’14 exports recovered nearly 32%. The Japanese scrap exports had totaled 573,000 tons during March this year.
South Korea was the largest importer of Japanese scrap during April this year. The Japanese scrap imports to South Korea totaled 328,000 tons during the month, accounting for nearly 43% of the total scrap exports by Japan during the month.
The cumulative scrap exports by Japan during the initial four-month period of the year totaled 2.26 million tons. This is 31.8% down when compared with the exports during the corresponding four-month period in 2013.
The largest importer of Japanese scrap during Jan-Apr period was South Korea. The scrap imports by South Korea totaled 1.3 million tons, constituting nearly 60% of the total scrap exports by Japan. The other major importers of Japanese scrap along with their share of total exports by Japan are as follows: China (655,000 tons, 28.98% of total Japanese exports) and Vietnam (184,000 tons, 8.14%).