Japan’s Domestic Scrap Market Continues Downward in October: Survey

摘要

Japan’s domestic ferrous scrap market continued downward in its basic direction in October when ferrous scrap demand both at home and abroad showed no momentum to perk up, according to a survey by the Japan Iron & Steel Recycling Institute. The following is a summary of what the institute found in its survey. Signs of local ferrous scrap in surplus surfaced in October in the Kanto area where many shiploadings of ferrous scrap exports are usually made, which brought an accelerated fall in the Kanto market for local ferrous scrap.