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Latin America

Latin America issue 2023-10

Issue

Alejandro Jaramillo

Mexico: lower volumes temper price declines

Alejandro Jaramillo

Glorem SC (MEX), Chairman of the BIR Latin America Committee
  • GDP forecast revised upwards
  • Concern over potential knock-on effect of UAW strike
  • Significant decline in incoming volumes versus 2022
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Roger Amarante

Brazil: local market facing uncertainties

Roger Amarante

INESFA, National Recycling Association (BRA), Board Member of the BIR Latin America Committee
  • Low domestic consumption of steel scrap
  • Decline in purchases of copper
  • Focused on reducing tax burden
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Nicolas Werba

Uruguay: heavy competition for limited scrap

Nicolas Werba

Werba SA (URY), Board Member of the BIR Latin America Committee
  • Notable reduction in scrap supply
  • More control by ministry of environment
  • Informal scrap at year-high levels
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Nicolas Fernandez

Chile: milestone for recycling sector

Nicolas Fernandez

Metales y Aluminios SA (CHL), and Asociación Nacional de la Industria del Reciclaje - ANIR, Board Member of the BIR Latin America Committee
  • Implementation of EPR law for containers and packaging
  • Stagnant economy still fighting inflation and high interest rates
  • Final stretch of second constitutional process
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