Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Ferrous scrap exports fell by 52pc in Brazil between January and July 2021, to 225,773mt from 469,371mt in the same period last year, according to Brazilian Customs data.


Although the data maintained its monthly upward trend in July, Brazilian ferrous scrap exports fell by 41pc, to 42,082mt from 76,460mt in the seventh month of 2020.


Bangladesh was the main destination for Brazilian scrap shipments last month importing 19,997mt. India followed, with 13,691mt, Pakistan with 5,375mt, the United Arab Emirates with 2,136mt, and South Africa with 1,830mt.


Iron ore exports from Brazil continued to regain ground after falling due to restrictions imposed by the pandemic last year and grew by 11pc in the first seven months of 2021, to 199.22mn mt from 179.46mn mt in the same year-ago period. In contrast, July saw a 7pc drop in Brazilian iron ore exports, to 31.6mn mt from 34.6mn mt in the same month of 2020.


In July 2021, China was Brazil’s largest buyer for iron ore, with 21.6mn mt, Malaysia followed with 1.8mn mt, Japan with 1.6mn mt, and Bahrain with 1.05mn mt.

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