According to figures from Brazil’s Ministry of Economy, ferrous scrap exports totaled 64,731 tonnes in August 2023, marking a 109.7% increase compared to the 30,864 tonnes exported in the same month in 2022. Over the first eight months, exports reached 476,493 tonnes, a 77.8% increase compared to the 267,978 tonnes from the same period last year. “Companies always prioritize the domestic market and export more only when there is a slowdown in the domestic market,” says Clineu Alvarenga, president of the National Recycling Institute (Inesfa). “Industries are also increasing the vertical integration of production, using their own input in steel manufacturing, which discourages the use of recycled materials collected and sold by scavengers and recycling companies.”
Sources: Brasil 61/Datamar News