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|Japan's November Scrap Exports Total 581,000 Tons|
Japan's ferrous scrap exports totaled 581,000 tons in November 2014, down 1.4% from the same month of a year ago, falling short of 600,000 tons for four consecutive months, when they decreased by 0.7% from a month ago, a decrease for the first time in three months, according to announced trade statistics from the Ministry of Finance. |
Of the total, South Korea took the largest quantity of 255,000 tons, down 32.4% from the same month of a year ago; China the second largest of 171,000 tons, down 13.9%; Taiwan the third largest of 87,000 tons, up by a factor of 163.7; and Vietnam the fourth largest of 60,000 tons, up by a factor of 5.9. As a result, South Korea represented the largest destination for 23 straight months. But its purchase volume fell from a month ago for five consecutive months and it stood at a low level for the first time in one year and two months since September 2013. In contrast, Taiwan's purchase volume hit a high level for the first time in five years and six months since May 2009 when it totaled 100,000 tons.
In January-November 2014, Japanese ferrous scrap exports totaled 6,742,000 tons, down 11.4% from the same period of 2013, averaging 613,000 tpm, when the cumulative exports translated into an annualized 7,350,000 tons.
Of the total, South Korea took the largest amount of 3,597,000 tons or 53.4%, down 18.3%; China the second largest of 1,904,000 tons or 28.2%, down 20.6%; Vietnam the third largest of 699,000 tons or 10.4%, up 71.6%; and Taiwan the fourth largest of 477,000 tons or 7.1%, up 52.3%. As a result, South Korea and China together accounted for 81.6% of the total. Also, the top four destinations together accounted for 99.1% of the total.
|last modified : Wed 07 Jan, 2015 [10:22]|