According to statistics from the Brazil Ministry of Development, Industry and Foreign Trade (MDIC), Brazil's ferrous scrap exports totaled around 42,700 tons in December last year, falling by 5.7% compared to the previous month and by 34% from the same month in 2023.

Full-year 2024 exports fell 13.7% year on year to around 691,000 tons, with India receiving 56%, Bangladesh 18%, and Belgium 4.9% of shipments.

In terms of imports, the volume in December was 1,700 tons, a month-on-month drop of 18.8% and a year-on-year increase of 64%. Total imports in 2024 declined by 4.7% year on year roughly 17,600 tons. Bolivia and Germany each supplied 22%, followed by the Netherlands’ 12% and Mexico’s 10%.