The ferrous scrap market in 2019 had declined for 2 straight years, and it had temporarily declined further to the lowest price for the first time in 3 years. The outlook of the economic condition is filled with uncertainty, and the quality issue still remains. But the market is expected to rebound for the first time in 3 years, because Tokyo Olympic Games will be held in 2020. Mr. Hiroyuki Ito, Chairman of the Japan Iron & Steel Recycling Institute or JISRI, who is also the President of Taisei Kinzoku Co., Ltd., made a comment about the trend and the efforts in 2019, and the hopes in 2020.
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