Brazilian flat steel distributor sales rise 17.4 percent in June

Brazilian flat steel distributor sales rise 17.4 percent in June

Posted on by admin

Brazilian flat steel sales by local distributors in June rose 17.4 percent, year-on-year, and 38.5 percent, month-on-month, to 290,500 mt, indicating a recovery post-Covid-19, the Brazilian steel distributors association, Inda, said on Tuesday.

Inda said purchases of flats by distributors in June grew 29.2 percent, year-on-year, and 49.7 percent, month-on-month, to 297,200 mt. Flats inventory in June slightly improved 0.8 percent, month-on-month, to 855,500 mt. Inventory turnover in June this year declined to 2.9 months, from 4 months in April.

According to Inda, Brazilian imports of flats by local distributors in June improved 60 percent, year-on-year, and 38.4 percent, month-on-month, to 103,600 mt.

Inda estimated both the purchase and sales of flats by Brazilian distributors in July to increase 15 percent on a month-on-month basis.

Leave a Reply

Your email address will not be published. Required fields are marked *