Brazil’s ferrous scrap exports dropped by 41pc in July 2021 to 45,081mt from 76,460mt in the same month last year, according to the preliminary figures from the country’s Ministry of Economy.
High steel prices boosted Brazilian export revenue from waste and ferrous scrap by 43pc last month to $22.8mn from $15.9mn in July 2020. However, Brazilian exports of non-ferrous scrap fell by 15pc in July to 2,882mt from 3,375mt in the seventh month of 2020 while revenue from this stream more than doubled to $13.9mn from $6.3mn in the same period.
Total exports of iron ore and its concentrates declined by 7pc in July to 31.7mn mt from 33.9mn mt in the same year-ago month while revenue from iron ore exports rose by 110pc to $5.03bn from $3.39bn in the same timeframe.
In July, Brazilian shipments of copper ores and concentrates fell by 41pc to 70,765mt from 119,682mt in the same prior-year month while aluminum ores and concentrates exports rose by 29pc to 481,942mt from 374,230mt during the same period.
Brazil’s iron ore and concentrates imports dropped to zero in July from 58,226mt in the same month last year, while copper ore and concentrates imports jumped by 482pc to 20,158mt from 3,461mt. Imports of aluminum ores and concentrates grew by 111pc in July to 570mt from 270mt in July 2020.