Sales volumes from Brazilian flat steel distributors rose by 34.2% in December over the corresponding month in 2018, while purchases increased by 47.9% on the same basis of comparison, distributor association Inda said on Tuesday January 21.
Sales in December totaled 253,200 tonnes, against 188,600 tonnes the year before, amid unusually high activity at the year-end, Inda data showed. Purchases came to 291,200 tonnes, up from 196,900 tonnes a year before, with more orders being placed ahead of a price rise announced by steelmakers."The distribution network rushed to buy before the price increase planned for January was implemented," Inda president...