Brazil steel scrap exports to fall further on domestic strength, Inesfa says

摘要

Brazilian ferrous scrap association Inesfa expects further decreases in export volumes from the levels seen in August, with demand rising among local steelmakers amid a heated steel market, the group’s president, Clineu Alvarenga, said on Wednesday September 23. This strengthening of domestic demand granted more pricing power to scrap suppliers, resulting in higher domestic prices, Alvarenga told Fastmarkets. But these seemed to have reached a ceiling for the moment, he added.