Brazil's August steel scrap exports down 20% y-o-y with focus on local market

Brazilian ferrous scrap exports fell both year on year and month on month in August while suppliers shifted their focus to the domestic market, data published this week by the country’s ministry of the economy shows.

Scrap exports reached 55,377 tonnes in August, a 19.7% year-on-year decrease from 69,000 tonnes in 2019 and a 27.6% drop in comparison with 79,460 tonnes in July of this year.

The country exported 19,864 tonnes of scrap to India in August, a significant 59.6% annual...

Published

Renato Rostás

September 10, 2020

13:20 GMT

São Paulo