Brazilian scrap exports continue to dip in August, according to Brazilian Ministry of Development, Industry and Foreign Trade (Mdic) data monitored by Kallanish.
Exports of scrap were 25,360 tonnes in August, or -61.8% less compared to 66,480t in the same period of 2017, but 25.2% higher than those in July. In the eight-month period these totalled 227,516t, -41.5% less y-o-y.
In August scrap shipments abroad had a fob value of $9.23 million, a fall of -53.8% compared to the same month of last year. During the first eighth-months of the year export value was down -12.9% y-o-y to $103.7m.
The main destination for Brazilian scrap exports in January-August was Bangladesh, which took 25% of shipments. India and Indonesia were the next-largest importers of Brazilian scrap, with a share of 14% and 13% respectively.