Japan’s ferrous scrap exports surged by 50pc in March 2020, and by 14pc in FY2020 (April 2019 – March 2020) from the respective prior-year periods on increased demand from Vietnam. Vietnamese mills preferred to buy ferrous scrap from competitively priced Japan instead of  US-origin material. Japan’s domestic demand for ferrous scrap also dropped during this time, causing suppliers to look towards exporting their material.

 

Japan’s secondary aluminium alloy, ADC12’s imports dropped by 5pc in March 2020, and by 10pc in FY2020 on low demand from Japanese automakers. Supply from China’s alloy makers also declined due to COVID-19 related lockdowns.

Japan exportsMar-20Mar-19% changeFY 2020FY 2019% change
Ferrous scrap866,254579,135508.3mn7.3mn14
South Korea285,580285,944-1.33.6mn4mn-10
Vietnam260,176187,81638.52.6mn1.6mn62.5
Japan importsMar-20Mar-19% changeFY 2020FY 2019% change
Copper scrap13,73321,898-37203,941246,551-17
Thailand2,6683,407-2131,41946,825-33
US1,7574,263-5930,51541,543-26
Saudi Arabia1,2302,463-5026,72925,8543
Aluminium alloy86,48591,505-51.13mn1.25mn-10
Russia18,67015,14923202,488245,680-17
UAE17,45217,0402.4216,068205,7675
China10,88726,619-59290,899370,621-21

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