Flat-rolled steel sales volumes from Brazilian distributors recovered from April but still decreased by 22% year on year in May due to the effects of Covid-19 restrictions still apparent in the market, local distributor association Inda said on Tuesday June 23.
Distributors sold 209,800 tonnes in May, down from 269,100 tonnes a year before, according to Inda. Volumes, however, increased when compared with 165,900 tonnes in April, Inda data showed.April was the first month that fully demonstrated the impact of restrictions in the country to prevent the spread of Covid-19, with the majority of automakers suspending production while plummeting end-user...