Peruvian rebar sales in May have improved on a month-on-month basis, following a steep month-on-month decline in April.
According to data released by the nation’s statistics agency, INEI, Peruvian rebar sales in May surged 905.6 percent, month-on-month, to 21,561 mt, from 2,144 mt in April, when Covid-19 hit the local steel industry the hardest.
Despite the month-on-month increase, Peruvian rebar sales in May fell 81.5 percent, year-on-year, from 116,646 mt in May 2019.
INEI said Peruvian rebar sales in the accumulated period of January to May this year totaled 304,612 mt, 45 percent down, year-on-year.