Brazil flat steel distributor purchases up in September

Tuesday, October 18, 2016

Brazilian flat steel distributors purchased 263,200t in September, up 14.7% year-on-year, data from industry association Inda shows.

But September purchases were down 0.5% month-on-month.

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Purchases include heavy steel plates, hot and cold-rolled sheets, hot-rolled galvanized and electro-galvanized sheets, pre-painted sheets and galvalumes.

Distributors sold 251,300t of products in September, up 1.7% year-on-year and 0.7% lower than in August.

Stocks totaled 895,200t at the end of September, up 1.3% month-on-month and enough to cover 3.6 months' worth of sales.

Imports slumped 27.4% year-on-year to 62,900t, but rose 41% compared to August, the association said.

Inda expects distributors' flat steel sales and purchases to drop 2.0% in October.