Brazilian flat steel distributor sales up in February

Monday, 01 April 2019 22:32:53 (GMT+3)   |   Sao Paulo
       

Brazilian flat steel distributor sales in February rose 19.3 percent, year-on-year, and 16.8 percent, month-on-month, to 309,800 mt, according to local flat distributors association, Inda.

Purchases of flat steel by local distributors in February fell 7.1 percent, year-on-year, and 17.3 percent, month-on-month, to 239,500 mt.

Flat steel inventory in the second month of the year dropped 7.3 percent, month-on-month, to 893,300 mt. Inventory turnover in February declined to 2.9 months, from 4.6 months in January this year.

Brazilian flat steel imports by local distributors in February rose 54.8 percent, year-on-year, and 6 percent, month-on-month, to 94,200 mt.

Inda estimated both the sales and purchases of flat steel by Brazilian distributors in March should decrease 5 percent on a month-on-month basis.

 


Most Recent Related Articles

Brazilian flat steel distributor sales up in August

Sudeste Port ships over 3 million mt of iron ore and pellet products

Steel price hike in Brazil expected by November

Price of imported CRC increases in Brazil

Vale aims to reach iron ore capacity of 450 million mt