According to statistics released by Japan's Ministry of Finance, the country's ferrous scrap exports totaled 656,560 tonnes in September 2009, up 40.05% YoY, but down by 10.08% MoM.

In September 2009, Japan's principal ferrous scrap export markets did not change, with 340,785 tonnes of scrap exports going to South Korea, up by 1.88% MoM and up by 31.63% YoY and 303,690 tonnes going to China, down by 13.44% MoM, but up by 59.61% YoY.

Ferrous scrap exports to South Korea accounted for 52% of Japan's total ferrous scrap exports, while exports to China constituted 46% of the total figure.

On the other hand, in the January to September 2009 period, Japan exported 7.79 million tonnes of ferrous scrap, up by 79.57% YoY. In the period in question, China increased its ferrous scrap imports from Japan by 132.98% YoY to 4.25 million tonnes, while South Korea imported 3.01 million tonnes, up by 37.59% YoY.

(Sourced from SteelOrbis)
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