Brazil’s ferrous scrap exports fall in Jun

According to statistics from Brazil’s Ministry of Development, Industry, Trade and Services (MDIC), the country’s ferrous scrap exports totaled around 84,000 tons in June, falling by 2.5% compared to the previous month but rising by 24 from the same month a year earlier.

In the first half of this year, Brazil exported a total of roughly 418,000 tons of ferrous scrap, a year-on-year increase of 21.3%. Among them, the exports to India accounted for the largest proportion at 63% of the total volume.

In terms of imports, Brazil’s ferrous scrap import volume came to roughly 1,150 tons in June, down by 7.2% year on year. The imports during the January-June period amounted to approximately 6,200 tons, a year-on-year fall of 31%. Among them, Germany was the biggest source with a share of 36%.