Brazilian distributors' steel sales are up

Brazil's steel distributors association, Inda, has disclosed that its members' steel sales rose 25.2 percent year on year to 254,000 tons in August. Distributors' stocks stood at around 492,000 tons at the end of August, down 24.4 percent from a year earlier. Inda's distributors purchased around 221,000 tons of steel from steel producers in August, an increase of 27.5 percent from a year earlier.