SÃO PAULO Brazilian ferrous scrap exports more than doubled year on year in November amid higher demand from Asian countries, especially India and Indonesia.
Shipments totaled 52,069 tonnes last month, up from 22,836 tonnes in the same month last year, according to figures from Brazilian foreign trade secretariat Secex.
India, the largest buyer of Brazilian scrap, purchased 23,143 tonnes in November, more than triple the 7,070 tonnes it took in the same month a year earlier.
Exports to Indonesia increased to 12,212 tonnes from zero in November 2011.
Vietnam received the third-largest volume at 5,862 tonnes, up from 2,098 tonnes in the same month last year.
From January to November, ferrous scrap exports reached 397,982 tonnes, up from 229,611 tonnes in the same 2011 period.
India, Vietnam, Indonesia and South Korea were the main buyers, taking 167,119 tonnes, 41,885 tonnes, 39,502 tonnes and 28,610 tonnes, respectively.
A version of this article was first published by AMM sister publication Steel First.