TEN MILLION TONS

Grey River Argus, 14 March 1942, Page 5

TEN MILLION TONS

Japan’s Scrap Iron Reserves FROM SCRAP IMPORTS. (Rec. 7.15.) WASHINGTON, Mar. 12. Mr Edwin Barringer, the President of the Institute of Scrap iron and Steel, told the House of Representatives Military Affairs Committee to-day, that pre-war imports of scrap metal from the United States had enabled Japan to build up a reserve of iron' and steel scrap of approximately ten million tons. Probably this reserve was sufficient to keep all of the Japanese plants at the peak of production for a full year. Mr Barringer said: The United States in the year 1939 exported to Japan forty-five million dollars worth of petroleum products, and fifty-six million dollars worth of raw cotton. The gross tonnage of scrap metal exported to Japan increased from 1,381 thousand tons in 1938 to 2,026 thousand tons in 1939.