Brazils ferrous scrap exports surged 43.3 percent
year on year in September, mainly due to increased buying
activity from Asia.
Exports totaled 46,173
tonnes last month compared with 32,214 tonnes a year ago,
according to figures from Brazilian foreign trade ministry
MDIC. Shipments were also up from 36,158 tonnes in August.
Increased sales to
Indonesia and South Korea during the month were partially
offset by lower shipments to India.
Indonesia was the
largest consumer of Brazilian scrap, taking 12,441 tonnes;
followed by South Korea, at 11,206 tonnes.
Meanwhile, scrap sales
to India fell 73 percent year on year to 2,802 tonnes in
For January to
September, Brazil exported 322,194 tonnes of ferrous scrap, up
7.3 percent from 300,151 tonnes a year earlier.
On the steel front,
Brazil saw mixed results in slab and billet exports, with slab
logging a 3.3-percent gain while billet tumbled 19.5 percent
year on year in September.
Slab shipments abroad
totaled 322,985 tonnes for the month vs. 312,523 tonnes in
The United States was
the largest importer of Brazilian slab last month, boosting its
year-on-year intake 41.6 percent to 298,733 tonnes.
billet exports fell to 38,981 tonnes from 48,428 tonnes in the
same comparison, despite an 82.5-percent jump in
Argentinas intake to 18,268 tonnes from 10,006 tonnes in
In the first nine
months of the year, Brazils slab exports fell to 2.87
million tonnes from 3.9 million tonnes in the corresponding
2012 period, while billet exports declined to 226,007 tonnes
from 400,652 tonnes, according to the MDIC data.
Ana Paula Camargo,
São Paulo, contributed to this story.
A version of this
article was first published in AMM sister publication Steel