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

Ferrous scrap exports from Brazil declined by 36pc to 33,061mt in May 2021 compared to 51,630mt in the same month last year, according to the country’s Customs data. The numbers, however, were 11pc lower this May from 37,110mt shipped out of the country in April 2021.


In terms of volume, India remained the highest importer of ferrous scrap from Brazil, with 110pc more shipments in May 2021 to 14,853mt from 7,078mt in the previous year. On a monthly basis, exports were 199pc higher from 4,971mt in April.  


Shipments to Bangladesh continued their downward trend as they declined 68pc to 10,658mt in May 2021 compared to 32,908 the prior year, there was a corresponding 61pc decline this May from 27,660mt in April 2021.


Brazil’s ferrous scrap exports to Pakistan have declined by 55pc in May 2021 to 3,339mt from 7,379mt last May. Shipments rose 95pc from 1,711mt in the previous month.  


Iron ore exports, on the other hand, increased 24pc, at 26.6mn mt in May this year, compared to 21.5mn mt leaving Brazilian ports in the same month of 2020.


The monthly comparison also saw a 3pc increase, as Brazil exported 25.7mn mt of iron ore last April.


The main destinations for the Brazilian commodity were China, which received 16.4mn mt, followed by Malaysia with 1.8mn mt and Japan with 1.07mn mt.

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