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According to statistics from the Brazil Ministry of Development, Industry and Foreign Trade (MDIC), Brazil exported around 32,000 tons of scrap in February this year, dropping by 15.7% compared to the previous month but rising by 36% from the same month a year ago.
In the first two months of this year, Brazil’s scrap exports amounted to around 70,400 tons, a year-on-year increase of 65%. Among them, the exports to Bangladesh accounted for the largest proportion at 36%, followed by India’s 24% and Belgium’s 12%.
In terms of imports, the volume totaled around 2,500 tons in February, down by 6.7% month on month and by 96% year on year.
The imports in the January-February period reached approximately 5,200 tons, a year-on-year decrease of 95%. Of these imports, scrap from Bolivia occupied a share of 41%, followed by Germany’s 29% and Paraguay’s 10%.
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