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10 Feb
07:16

Strong steel demand lifts Brazil scrap imports further

Brazil saw a sharp increase in ferrous scrap imports in January, Kallanish notes. Growth was supported by the recovery in domestic consumption, which nevertheless led to a substantial drop in exports. According to Brazilian Ministry of Development, Industry and Foreign Trade (Mdic) data, the country imported 30,057 tonnes of scrap in January, up 5.1% on-month and 28,887t higher year-on-year. The January volume was equal to 38.6% of the country’s full-year 20…
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