Brazil's steel distributors association, Inda, has disclosed that its members' steel sales rose 49.9 percent year on year to around 308,000 tons in May.
Distributors' stocks stood at around 468,000 tons at the end of May, down 27.2 percent from a year earlier.
Inda's distributors purchased around 269,000 tons of steel from steel producers in May, an increase of 26.2 percent from a year earlier.