Brazilian flat steel distributor sales drop in January

Tuesday, 19 February 2019 00:14:40 (GMT+3)   |   Sao Paulo
       

Brazilian flat steel distributor sales in the first month of the year declined 19.5 percent, year-on-year, but increased 21.2 percent, month-on-month, to 228,600 mt, the nation’s flat steel distributors association, Inda, said on Tuesday.

According to Inda, purchases of flat steel products by local distributors in January grew 3.7 percent, year-on-year, and 32.6 percent, month-on-month, to 261,000 mt. Flat steel inventory in January improved 3.5 percent, month-on-month, to 971,800 mt. Inventory turnover in January decreased to 4.6 months, from 5 months in December.

Brazilian imports of flat steel products by distributors in January reached 88,800 mt, 24.9 percent down, year-on-year, and 6.4 percent down, on a month-on-month basis.

Inda estimated both the sales and purchases of flat steel by local distributors in February to remain stable on a month-on-month analysis.


Most Recent Related Articles

Brazilian flat steel producers announce price increases

Vale evacuates families near Forquilha dams, reports no anomalies

Refractories producer RHI Magnesita sees challenging Q2 2020

Brazilian flat steel distributor sales decline in May

Brazil cancels license of importers selling fake Malaysian cold rolled products