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Brazil’s ferrous scrap exports sink

Keywords: Tags  Brazilian exports, ferrous scrap, scrap exports, Inesfa, IABr, Juan Weik

SÃO PAULO — Brazil’s ferrous scrap exports have been falling sharply over the past few months on the back of the global crisis in the steel sector, according to the local institute of iron and steel scrap companies, Inesfa.

Brazil’s exports have been falling "since the beginning of the year," Inesfa said, putting the tally at 12,949 tonnes in June vs. 57,425 tonnes in January.

The country’s ferrous scrap exports had jumped to 444,365 tonnes last year from 258,767 tonnes in 2011 and 80,468 tonnes in 2010, prompting Brazilian steelmakers’ association IABr to call for an export tax on the product.

Inesfa filed an objection to IaBr’s request in January. The case has yet to be analyzed by Brazilian authorities.

A version of this article was first published in AMM sister publication Steel First.

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