Brazil’s scrap exports & imports fall in Oct m-o-m
15 Nov 2022 14:15 reported by Joy Liu
According to statistics from the Brazil Ministry of Development, Industry and Foreign Trade (MDIC), Brazil exported around 22,000 tons of scrap in October this year, falling by 45% compared to the previous month but rising by 60% from the same month a year ago, hitting a new low since July this year.
In the first ten months of this year, Brazil’s scrap exports amounted to around 329,000 tons, a year-on-year decrease of 18%. Among them, the exports to Bangladesh accounted for the largest proportion at 37%, followed by India’s 25% and Taiwan’s 7.6%.
In terms of imports, the volume totaled nearly 4,000 tons in October, down by 12.7% month on month and up by 19% year on year.
The imports in the January-October period reached approximately 39,500 tons, a year-on-year decrease of 81.2%. Of these imports, scrap from Germany occupied the biggest share at 35%.
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