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23 Jun
12:42

Brazil's May flats sales increase, outlook negative

Flat steel sales and purchases by Brazil’s distributors and service centres rose sequentially in May, Kallanish notes. However, they are likely to weaken in June, with an estimated decrease of 3% month-on-month, says the national steel distributors’ association Inda. In May, distributors’ sales totalled 331,000 tonnes, up 9.9% over the previous month and 6.1% less than 312,000t a year earlier. Of that total, hot rolled coil represented almost 183…
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