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

Brazil’s ferrous scrap, iron ore, and aluminum ore & concentrate exports by volume and value decreased in November from Nov 2019, on the back of a decline in demand.


Ferrous scrap exports fell by 66.8pc to 24,429mt, from 73,779mt exported in November a year ago, while the shipments of ferrous scrap by value decreased by 58.7pc to $7,297 in Nov 2020 from $17,695; the country’s ministry of economy said in a statement.


Brazil’s iron ore shipments fell by 29.7pc to 20.5mn mt in November, from 29.2mn mt exported in the prior-year period. The value of iron ore exports was down by 1.1pc to $1.80bn in the same period, from $1.82bn a year ago. 

The South American country also saw a decrease in its exports of aluminum ores and concentrates by 36.6pc to 237,427mt from 375,041mt exported in November 2019. Exports of aluminum ores and concentrates by value fell 56.1pc to $8,222 from $18,748 in the prior-year period.


Exports of copper ores and concentrates, on the other hand, rose by 5.4pc to 73,868mt from 70,073mt shipped in Nov 2019. The value of copper ores and concentrate shipments was higher by 24.3pc at $187,987 in November, from $151,205 in November last year. 


Brazil’s crude steel output rose by 3.5pc to 2.7mn mt in October this year from 2.6mn mt produced in the prior-year month, according to the latest figures released by the World Steel Association.  

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