The Brazilian ferrous scrap market has remained static after an about 20% increase in mid-

January, sources said Monday. 

The  S&P Global  Platts  weekly  assessment for clean steel scrap remained at Real 665/mt 

($204/mt), based on a Real 650-680/mt range for bids, offers and deals, delivered to mill. 

The weekly heavy melting scrap I & II assessment also stayed stable at Real 650/mt, based o

n a Real 630-670/mt range, delivered to mill. 

The turnings assessment is at Real 437.50/mt, based on a Real 425-450/mt range, delivered 

to mill. 

According to a dealer, the market calmed down after the sharp increase in January. 

"In general, all dealers are satisfied with the better demand this year. This made the market 

calmer a bit" in terms of pricing, one dealer said. "But it is difficult to know if this situation will 

change sooner or later. We need to wait," he added. 

The Brazilian ferrous scrap exports in February fell 43.7% year on year and 10% month on 

month to 31,660 mt, the Ministry of Industry and Foreign Trade said. 

The  bulk  of  the  exports  -- 7,803  mt  -- went  to  Bangladesh at an average FOB price of 

$292/mt. India followed, with 7,346 mt at an FOB price of $303/mt, the ministry said. 

Ferrous scrap exports through the port of Santos in February totaled 10,140 mt, compared 

with 13,964 mt in January and 28,971 mt in February 2017.