It is learned that Brazilian steel distributors' from the steel mills was down by 8.3% in this November, compared to the same month last year. According to the data of National Institute of Steel Distributors (INDA), the steel purchase in the distributor's channel totaled at 349,800 tons, this number also refers to a drop of 18.6% compared to this October. On the other hand, the steel sales of Brazilian distributors' totaled at 391,700 tons, a lightly increase of 1.8% year on year and down by 11.1% month on month. With this performance, inventory turnover in November increased to 2.7 months compared to 2.5 months in the previous month.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67808&division=A2
