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Brazil’s ferrous scrap, slab exports rise as billet falls

Keywords: Tags  ferrous scrap, Brazil scrap, scrap exports, slab exports, billet exports, steel exports, Ana Paula Camargo, MDIC foreign trade ministry

SÃO PAULO — Brazil’s 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 September.

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 September 2012.

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.

Meanwhile, Brazilian billet exports fell to 38,981 tonnes from 48,428 tonnes in the same comparison, despite an 82.5-percent jump in Argentina’s intake to 18,268 tonnes from 10,006 tonnes in September 2012.

In the first nine months of the year, Brazil’s 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 First.

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