Brazilian distributors’ flat steel sales up 1.5% in 2012

Sales by Brazilian flat steel distributors and service centres came to 4.35 million tonnes in 2012, a small increase of 1.5% compared with 2011, local association Inda said on Thursday January 24.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The percentage growth was lower than the group’s forecast of 2% published in early November last year.

Inda members purchased 4.29 million tonnes of flat steel products last year, up by 5.2% compared with the 4.08 million tonnes in 2011.

In December alone, flat steel sales declined by 3.8% year-on-year, to 312,500 tonnes, of which 172,500 tonnes were hot rolled steel and 56,400 tonnes were cold rolled steel.

On a monthly basis, these sales were down by 18.8%, from 384,800 tonnes.

Distributors’ purchases totalled 323,100 tonnes of flat steel goods in December, against 317,700 tonnes a year earlier.

Compared to November, December’s sales fell by 15.3%.

Inda expects both sales and purchases of flat steel products to increase by 15% month-on-month in January, it said.

For 2013 overall, it believes sales will grow by 6% in an annual comparison.

What to read next
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
Electrolysis processes developed by Boston Metal and Electra that eliminate the need for coal in steel production could be key to a net-zero emissions future for the metallics industry, attendees learned at Fastmarkets’ conference on January 17-19 in Dallas
Low supply, strong demand to spur scrap prices higher in Feb, market says
US deep-sea ferrous export prices from the East Coast to Turkey have plateaued, with a Turkish mill purchasing a cargo at prices stable from the last-reported sale
The current shortage of some higher purity grades of aluminium, such as P0610, and the robust demand for units should maintain the higher differential to prices for P1020-grade aluminium, market sources told Fastmarkets on Monday January 30
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.