Brazilian consumption of ferrous scrap has been higher in the first half of 2021 and is expected to maintain similar levels until the end of the year, Clineu Alvarenga, president of national ferrous scrap association Inesfa, told Fastmarkets on Thursday May 13.
Long steel producers have their order books into the second half and positive prospects until December, Alvarenga said. Those steelmakers use electric-arc furnaces (EAFs) and, therefore, need more scrap for production.Fastmarkets...