Brazilian ferrous scrap exports have stabilized in April
compared with the same month last year following 12 consecutive
monthly rises amid an improvement in the domestic long steel
Exports totaled 39,421 tonnes
last month, down slightly from the 39,668 tonnes in April 2012,
according to figures from Brazilian foreign trade ministry
Deliveries abroad rose 69
percent in the first quarter this year after gaining 71.7
percent in all of 2012.
Higher purchases of scrap by
Brazilian long steel producers since the beginning of 2013 are
the main reason behind the sudden push back, local sources told
AMM sister publication Steel First.
"The priority of local scrap
processors has always been the local steelmakers," one trading
source said. "Exports are only the surplus ... whenever the
domestic market improves, exports tend to fall."
India took 11,063 tonnes of the
monthly export total, down from 19,667 tonnes in April 2012;
Indonesia took 9,220 tonnes, up from 958 tonnes; and China
bought 5,441 tonnes, up from 4,230 tonnes. Vietnam, Taiwan and
the British Virgin Islands in the Caribbean took 2,590 tonnes,
2,464 tonnes and 2,324 tonnes, respectively, according to
A version of this article was
first published by AMM sister publication Steel First.