Monthly average consumption of steel scrap in Brazil was expected to have fallen by 50% year-on-year during the first half of 2020, amid lower demand from steelmakers due to the Covid-19 pandemic, local scrap association Inesfa said on Thursday July 2.
The association estimated that first-half consumption would have totaled 1.95 million tonnes, or 325,000 tonnes per month. Full-year 2019 consumption was 7.8 million tonnes, or 650,000 tpm, according to data from steelmakers' association Instituto A??o Brasil.Scrap generation levels have also fallen by around 50% this year so far, according to...