Japan's scrap exports increased y-o-y in October

In October, Japan's scrap exports reached around 697,000 tons, an increase of 6.1% compared to the same period a year earlier. This reflects the positive momentum in the country's trade in metals and recycled materials. Also noteworthy was the performance in the first ten months of the year, with Japan's scrap exports totaling more than 5.8 million tons, up 8.7% y-o-y.

Japan's scrap imports, on the other hand, underwent a remarkable change during this period. The top scrap supplier was South Korea, with around 2.3 million tons. However, this represents a decrease of 11.9% compared to the same period last year. South Korea was followed by Vietnam and Taiwan with 1.3 million tons and around 827,000 tons, respectively. This points to the diversification of Japan's scrap imports and the dynamics in the trade flow.