Brazil steel scrap market follows rebar weakness; exports rise

Lackluster demand for ferrous scrap in Brazil was mirroring the slower-than-expected recovery in the rebar markets, and uncertainty was likely to persist throughout 2023, according to the country’s National Recycling Institute, Inesfa.

These tougher local conditions led to more exports in the first two months of the year and could result in an overall increase in shipments for the whole of 2023,...

Published

Renato Rostás

March 08, 2023

19:40 GMT

São Paulo