Brazilian scrap exports down 75% in December, but 3% higher for full 2020

Brazil’s export volumes of ferrous scrap continued to fall in December 2020 on increased efforts to supply the domestic market, a trend that had gained traction throughout the second half of the year.

Data from the country’s Ministry of Economy showed that scrap exports totaled 16,104 tonnes in December, a significant 75.1% year-on-year drop from 64,747 tonnes. Volumes were also down by 46.6% from November, when Brazil exported 30,162 tonnes, according to data published on Thursday January 7.

Bangladesh remained the principal destination for Brazilian ferrous scrap shipments in December, taking 4,829 tonnes, although that number represented an 80.1% decrease from...

Published

Renato Rostás

January 11, 2021

19:55 GMT

São Paulo