Brazil's steel distributors association, Inda, has disclosed that its members' steel sales fell 9.1 percent year on year to around 353,800 mt in September, decreasing by 6.6 percent compared to August. In the January-September period of the current year, steel sales of Brazilian distributors rose by 0.7 percent on year-on-year basis to 3.26 million mt.
Distributors' steel stocks stood at around 949,300 mt at the end of September, falling 9.4 percent from a year earlier and down slightly by 1.4 percent compared to the end of August this year.
Meanwhile, Inda's distributors purchased around 340,800 mt of steel from steel producers in September, an increase of 3.1 percent from a year earlier and down 9.7 percent month on month. In the January-September period of the current year, Brazilian distributors' purchase volumes were 4.1 percent higher than in the same period of the previous year, totaling 3.2 million mt.