Brazilian scrap steel exports rose 127.7% to 71620 tons in October from a year earlier, according to figures released by Brazil's Ministry of economy on Tuesday.

However, exports fell 1 per cent in October from a month earlier. Data show that most of the goods leave Brazil through the port of Santos (41121 tons), followed by the port of Itagai (9185 tons).

Of the total exports, 32099 tons were shipped to Indonesia, with an average export price of US $211 per ton, followed by Bangladesh with 18504 tons, with an average export price of US $216 per ton.

From January to October, Brazil exported 547486 tons of scrap steel, compared with 299324 tons in the same period in 2018.

Brazil imported 1268 tons of scrap steel in October, of which 671 tons came from Bolivia, with an average price of US $286 per ton, according to the Brazilian Ministry of economy.

Most of the raw materials enter Brazil through the port of Corumba in Mato Grosso do Sul.