Brazilian flat steel sales down 26.6% amid normalized domestic supply, Inda says

Flat steel sales from Brazilian distributors declined by 26.60% year on year in August, with the market normalizing from supply constrains seen earlier in the year, according to national steel distributors' association Inda.

Brazilian distributors sold 274,500 tonnes of flat steel last month, down from 373,800 tonnes in August 2020, according to the figures released on Tuesday September 21.
The reason for the decrease was the high basis for comparison last year, when the market was recovering from Covid-19 lows. Sales increased by 5% month on month when compared with July's level of 261,400 tonnes.

There was an increase of sales in the last days of the month, due to negotiations taking...

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