Brazilian steel scrap exports soared in September both year on year and compared with the previous month due to an unusually significant volume shipped to China by a shipyard under bankruptcy protection, according to national ferrous scrap association Inesfa.
Exports totaled 97,312 tonnes in September, up by 19.7% from 81,295 tonnes in the same month last year and by 75.7% from 55,377 tonnes in August, according to data from the economy ministry published last week. Volumes also grew .Most of that increase - both on an annual basis and sequentially - was a result of 40,966 tonnes being shipped to China from the southernmost state of Rio Grande do Sul. Excluding that volume, exports would have totaled 56,346 tonnes, a 30.7% year-on-year drop.
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