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
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
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.