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23 Feb

Brazilian flats sales grow in January, outlook negative

Flat steel sales and purchases by Brazil’s distributors and service centres rose month-on-month in January, Kallanish notes. The activity, however, should weaken in February, with an estimated decline of 3% m-o-m. January domestic sales totalled 329,900 tonnes, up 25.1% from December and 6% higher compared with 311,200t a year ago. Brazilian distributors purchased 344,800t of flat products during the first month of 2024, an increase of 25.9% on-month. …
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