Flat steel sales volumes from Brazilian distributors dropped by 17.3% year on year in December 2018, due to lower international prices and a number of holiday absences during the month.
Brazilian flat steel domestic shipments amounted to 188,600 tonnes, compared with 228,200 tonnes in December 2017, according to figures released by national flat steel association Inda on Tuesday January 22.Clients were less eager to build stocks because of the weakness of international steel prices, Inda president Carlos Loureiro said."No one expects Brazilian domestic steel prices to rise amid the current downtrend in international steel prices and the weakness...