INDA: Brazil's sales of flat steel grows by 4.3% in Jan y-o-y
Time:Tue, 07 Mar 2023 09:19:56 +0800
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According to Brazil's National Institute of Steel Distributors (INDA), sales of flat steel grew by 4.3% year on year in January this year. If compared with the previous month, the sales were up by 21.1%.
Carlos Loureiro, executive president of INDA, commented that 2023 will be very difficult for the national steel sector, which cannot transfer price increases. But with low inventories currently, the distribution channel will have to pass on the full cost, and he expected that in one month or two months maximum they will have to make another price increase.
For February, INDA expected flat steel purchases and sales to fall 15% compared to January this year.
