Brazilian distributors' steel sales are up

Brazil's steel distributors association, Inda, has disclosed that its members' steel sales rose 21.7 percent year on year to around 238,000 tons in November. Distributors' stocks stood at around 457,000 tons at the end of November, down 16.6 percent from a year earlier. Inda's distributors purchased around 228,000 tons of steel from steel producers in November, an increase of 35.5 percent from a year earlier.