Brazilian flat steel distributor sales lower 3.7 percent in February-Pumao steel

Brazilian flat steel sales by suppliers in February decreased 3.7 percent, year-over-year, but climbed 0.7 percent, month-over-month, to 300,700 mt, according to a record today from the country's association of level steel representatives, Inda.

According to Inda, acquisitions of level steel products by Brazilian distributors in February lowered 8.7 percent, year-over-year, and 2.8 percent, month-over-month, to 293,800 mt.

Inda claimed level steel stock in February a little dropped 0.8 percent, month-over-month, to 811,300 mt. Supply turn over in February stayed steady at 2.7 months, the exact same degree seen in January.

Inda claimed imports of flats by Brazilian distributors in February rose 48.6 percent, year-over-year, but reduced 10.8 percent, month-over-month, to 151,500 mt.

Inda estimated purchases of apartments by distributors in March to increase 10 percent, month-over-month, while sales of apartments in the exact same period are anticipated to increase another 15 percent, additionally on a month-over-month basis.