According to statistics from the Brazilian Ministry of Development, Industry and Foreign Trade (MDIC), Brazil's ferrous scrap exports reached around 86,000 tons in May, up by 26% from the previous month and by 62% from the same month a year ago.

In the first five months of this year, cumulative exports amounted to around 334,000 tons, a year-on-year increase of 21%. India was the primary destination, accounting for 62% of deliveries, followed by Bangladesh’s 12% and Belgium’s 4.4%.

In terms of imports, Brazil's ferrous scrap import volume was 1,250 tons in May, a slight month-on-month increase of 1.6% but a year-on-year decline of 8%. The total imports in the January-May period were nearly 5,100 tons, of which Germany and Spain were the leading suppliers.