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Brazilian scrap exports increase in Sep y-o-y

14 Oct 2020 14:26 reported by Joy Liu

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According to statistics from the Brazil Ministry of Development, Industry and Foreign Trade (MDIC), Brazil exported around 97,000 tons of scrap in September, up by 75.6% compared to the previous month and also hiking by nearly 20% from the same month a year ago, hitting a new high since May 2016.

In the first nine months of this year, the exports totaled roughly 622,000 tons, rising by 25.8% from the same period a year earlier.

During the period, Brazilian scrap was mainly exported to India, accounting for 31% of the total export volume. Followed by Bangladesh and Pakistan, with a separate proportion of 26% and 15%.

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