Brazils 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.
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.
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 IaBrs 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