Brazilian sales of flat steel by local distributors in October declined 24.6 percent, year-on-year, but rose 13.1 percent, month-on-month, to 279,500 mt, according to data released this week by the nation's distributors association, Inda.
According to Inda, most flat products experienced a decline in sales with the exception of Galvalume, whose sales in October rose 20.2 percent, year-on-year, to 25,600 mt, according to detailed information provided to SteelOrbis by Inda. Sales of other products in October, such as slab and heavy plates, diminished 83.3 and 60.6 percent, year-on-year, respectively.
Purchases of steel by local distributors in October declined 28.6 percent, year-on-year, to 260,400 mt, but rose 13.5 percent in the month-on-month comparison.
Inventoryturnover in October reached 3.4 months, and 945,600 mt. The volume of inventories is 9.3 and 2 percent lower when compared to last year's and September's data, respectively.
Apparent steel consumption in October declined 20.6 percent, year-on-year, to 756,800 mt, but rose 2.3 percent, month-on-month.
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