In 2023, the import of remelting scrap ingots of iron or steel to Japan stood at an estimate around 168 thousand kilograms. The forecast data indicates a steady annual increase in import volume from 2024 to 2028. The year-on-year percentage change shows a consistent growth pattern with the import volume increasing incrementally each year, reflecting a stable demand for scrap ingots in Japan.
Key future trends to watch for include:
- Potential market changes in global iron and steel demands impacting scrap imports.
- Technological advancements in recycling might alter import needs.
- Environmental policies that could affect scrap metal trade to support sustainability efforts.