Japan to divert more ferrous scrap exports to Vietnam, Bangladesh in 2020

摘要

Japan is expected to divert more of its ferrous scrap export supply to Vietnam and Bangladesh in 2020 due to weaker demand from neighbor South Korea, market sources in Japan told Fastmarkets. “South Korean demand for ferrous scrap is expected to fall further in 2020 compared with 2019, and Japanese scrapyards will have to target new markets to send their materials,” a Japanese trader told Fastmarkets in late December.