Brazilian flat steel distributor sales up in July

Tuesday, 03 September 2019 22:20:33 (GMT+3)   |   Sao Paulo
       

Brazilian sales of flat steel by local distributors in July grew 4.3 percent, year-on-year, and 16.4 percent, month-on-month, to 288,000 mt, according to a report from the local flat steel distributors association (Inda).

Inda said purchases of flat steel by domestic distributors in July was 276,600 mt, 2.7 percent down, year-on-year, but 20.2 percent up, on a month-on-month basis.

Flat steel inventory in July slightly decreased 1.5 percent, month-on-month, to 762,700 mt. Inventory turnover in July declined to 2.6 months, from 3.1 months in June 2019.

Brazilian flat steel imports in July dropped 12.7 percent, year-on-year, but improved 50.2 percent, month-on-month, to 97,200 mt.

Inda estimated both the sales and purchases of flat steel by local distributors in August to remain stable, as compared to July.


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