Flat-rolled steel sales volumes from Brazilian distributors rose by 18.3% year-on-year in October, outpacing purchases and leading to a decline in stocks, steel distributors' association Inda said on Tuesday November 19.
Sales reached 317,700 tonnes, compared with 268,500 tonnes in October 2018. Growth of 9.6% was seen when compared with September's sales volume of 290,000 tonnes.Distributors purchased 299,000 tonnes of flat steel in October, Inda added, up by 4.9% from 285,100 tonnes one year ago. This was also up by 22% from 245,100 tonnes in September.Performances of both sales and purchases were above the distribution...