In March this year, Korean scrap exports fell by 50.7% year-on-year. Among them, South Korea's scrap exports to mainland China fell by 54.4% year-on-year to 8,186 tons, while exports to China's Taiwan decreased by 291.0% to 6,487 tons; Vietnam's scrap exports fell by 79.1% to To 4834 tons.
"The sharp decline in Korea's scrap export volume is mainly due to the sharp drop in China's demand for scrap imports. It is expected that under the background of China's continued strengthening of environmental protection measures and more stringent environmental regulations, South Korean scrap steel exports will further decline." Korean scrap exporters Indicated.