Brazil's steel distributors association, Inda, has disclosed that its members' steel sales rose 8.1% year on year to 401,200 tonne in October, increasing by 13.4% as compared to September. In the January to October period of the current year, steel sales of Brazilian distributors rose by 1.4% YoY basis to 3.66 million tonne.
Distributors' steel stocks stood at around 936,900 tonne at the end of October, falling eight percent from a year earlier and down slightly by 1.3 percent compared to the end of September this year.
Meanwhile, Inda's distributors purchased around 388,800 tonne of steel from steel producers in October, an increase of 13.8% from a year earlier and up 14.1% month on month. In the January to October period of the current year, Brazilian distributors' purchase volumes were 5.1 percent higher than in the same period of the previous year, totaling 3.6 million tonne.
