Brazilian steel scrap exports rise on price downturn, high inventories

High inventories and falling domestic prices encouraged Brazilian suppliers to turn to export markets in June, following months of declining shipments, according to the national ferrous scrap association, Inesfa.

Stronger demand for long steel in Brazil led mills to seek more scrap not only domestically, but also via imports, Inesfa’s president, Clineu Alvarenga, told Fastmarkets on Tuesday July 13....

Published

Renato Rostás

July 14, 2021

21:52 GMT

São Paulo