It is expected that by 2020 South Korea will independently provide more than 90% of its needs in the scrap, and China due to increasing steel production can already provide themselves. After 5-10 years, two major Japanese consumer scrap will no longer need it.
Japanese scrap exporters are already thinking about finding new supply routes within Southeast Asia before the situation becomes critical.
SOGRA
The price of Japanese H2 scrap in Tokyo Bay region fell by ¥ 500 ($5), up to 33.5-34 thousand yen ($359-364) per tonne FAS. It is reported by Yieh Corp.
In addition, scrap prices P&S Shindachi fell 500 yen to 35.5-36 thousand yen ($380-385) per tonne FAS.
Experts believe that Japanese export prices of H2 scrap to South Korea will also be reduced to 35 thousand yen ($375) per tonne FOB in the first week of April.
We will remind that in March the Japanese iron and steel company, Tokyo Steel has again increased the price of scrap in the background of a sharp rise in export prices.
So, the cost of production for deliveries with five companies of the group grew by 500 yen/t ($5/t). Now the price of the material reach of 33.5-35 thousand yen/t.
The Ministry of industry
The company Novelis has announced the opening of Asia's largest plant for processing aluminium cans as containers. A recycling center in Yeongju (South Korea) is part of the expansion of Novelis in the amount of $400 million, which will help to increase the proportion of recycled aluminum in its rolled products up to 80% by 2020, from 35% currently.
Production capacity of 265 thousand tons and total consumption of company aluminium scrap will grow by more than 1.4 million tons By 2015, Novelis will increase capacity for recycling of aluminium to 2.1 million tonnes.
MetalTorg.Ru
In January 2013, the Ukrainian scrap processing enterprises do not export scrap metal, while during the same period last year this figure was 62.2 thousand tons this was reported by a source in the Cabinet.
Ukraine stopped the export of scrap metal in November 2012. The January import of metal scrap has grown to the same period last year to 4.3 times, up to 4,3 thousand tons.
UGMK.INFO