Similarly, scrap imports in Taiwan fell 2.9% year on year to 3.52 million tonnes but inbound shipments of Japanese materials rose 45% to 630,256 tonnes.
Against this backdrop, Fastmarkets launched four fob Japan ferrous scrap price assessments in February along with two others for scrap imports into South Korea and Bangladesh in March.
These, along with existing assessments for prices in Vietnam and Taiwan, give Fastmarkets a bigger footprint in the Asian scrap market.

Click to enlarge