Brazil steel intake up 34% in August month-on-month

Steel purchases in Brazil registered a high of 5.6% in August compared to July, with a total volume of 350.9 thousand tonnes. In comparison with the same month last year, the increase was 16%. The data were released on Tuesday, September 20, by Brazil’s National Institute of Steel Distributors.

Flat steel sales increased by 6.2% on August month-on-month, reaching 334.9 thousand tonnes.

Imports, in turn, ended the month of August with a 34% increase compared to the previous month, with a total volume of 147.7 thousand tonnes. Conversely, compared to the same month of the last year, imports registered a drop of 22.1%.

For September 2022, steel distributors expect that purchases will increase by 3% and sales will decrease by 1% compared to August.

Source: Focus

To read the full original article, please go to: https://www.focus.jor.br/compras-de-aco-sobem-56-em-agosto-ante-julho-diz-inda/

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