Brazilian distributors' steel sales are up

Brazil's steel distributors association, Inda, has disclosed that its members' steel sales rose 16.2 percent year on year to around 230,000 tons in October. Distributors' stocks stood at around 467,000 tons at the end of October, down 18.8 percent from a year earlier. Inda's distributors purchased around 220,000 tons of steel from steel producers in October, an increase of 40.4 percent from a year earlier.