en.Wedoany.com Reported - In May this year, scrap steel exports fell 11% year-on-year, but cumulative exports in the first five months still showed growth. According to data released by the Foreign Trade Secretariat (Secex) of the Ministry of Economy, total scrap steel exports in May amounted to 76,609 tons, roughly flat compared to 77,039 tons in April, but lower than the 86,425 tons recorded in May 2025. From January to May, cumulative scrap steel exports reached 390,338 tons, up 17% from 333,502 tons in the first five months of 2025.

Clineu Alvarenga, president of the National Recycling Association (Inesfa), an industry association representing over 5,000 recycling companies, stated that the sector is still adapting to the decision to exempt industrial sales from PIS and Cofins taxes. The market is expected to normalize in the coming months, with monthly exports maintaining between 60,000 and 70,000 tons. According to a survey by S&P Global Platts, scrap steel prices remained largely stable in June as the tax removal and a more attractive domestic market took effect, despite increasing demand for raw materials from steel mills.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com