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%.