Flat steel sales volumes from Brazilian distributors dropped by 10.90% year-on-year in December 2018, due to lower international prices and a number of holiday absences during the month.
Brazilian flat steel domestic shipments amounted to 169,900 tonnes, compared with 221,100 tonnes in December 2017, according to figures released by national flat steel association Inda on Tuesday January 22.Clients were less eager to build stocks because of the weakness of international steel prices, Inda president Carlos Loureiro said."No one expects Brazilian domestic steel prices to rise amid the current downtrend in international steel...