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Brazil ferrous scrap exports get boost from Asia in Oct.

Keywords: Tags  Brazil scrap, ferrous scrap, scrap exports, Felipe Peroni

SÃO PAULO — Brazil’s ferrous scrap exports rose year on year in October on higher demand from Asian countries.

The country’s exports totaled 50,888 tonnes last month, up 11.2 percent from 45,761 tonnes in October 2012 and 10.2 percent higher than September’s 46,173 tonnes, according to data from Brazilian foreign trade ministry MDIC.

Indonesia was the largest consumer of Brazilian scrap, with its intake soaring 75 percent year on year to 18,081 tonnes in October.

Exports to South Korea nearly quadrupled to 7,955 tonnes during the month from 2,143 tonnes a year earlier.

Meanwhile, scrap sales to India plunged 87.7 percent to 1,892 tonnes in the same comparison.

From January through October, Brazil’s ferrous scrap exports reached 373,082 tonnes, up 7.9 percent from 345,913 tonnes a year earlier.

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

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