INDA: Steel sales up again in August compared to July

Sales of steel products begin to reverse the curve. Last month, according to data from INDA (the national institute of steel distributors), 274,500 tons were exported, an increase of 5% compared to July. However, when compared to the same month last year, the scenario is still down. In August 2020, 373,800 tons were sold, a drop of 26.6%.

The picture is similar with regard to steel imports. According to data from INDA, 302,500 tons were purchased in August, a small drop of 2% compared to the same month in 2020 and an increase of 2.2% compared to purchases in July.

According to data from INDA, inventories totaled 848,200 tons, representing 3.1 months of sales. As a result, distributors reached a regulatory volume considered normal by INDA.

According to the data, imports of steel products in August reached 189,700 tons. This volume represented an increase of 219.7% compared to the same period last year. Compared to July, however, imports were 10.2% lower.

Source: Valor Econômico

To read the full original article, visit the link:

https://valor.globo.com/empresas/noticia/2021/09/21/vendas-de-aco-voltam-a-crescer-em-agosto-em-relacao-a-julho-aponta-inda.ghtml

Sharing is caring!