en.Wedoany.com Reported - Data released by the Brazilian National Steel Distributors Association (Inda) shows that flat steel sales recovered in May, with distributor sales increasing by 8.7% compared to April, reaching 341,300 tons, versus 314,000 tons in April. Compared to the same period last year (328,900 tons), sales grew by 3.8%.

Purchases from domestic steel mills also increased, rising 2.3% from April to a total of 340,600 tons, compared to 333,000 tons in April. Compared to May last year (339,500 tons), purchases edged up 0.3%.

Under the influence of these changes, absolute inventory levels fell 0.1% from the previous month to 1.1569 million tons, versus 1.1576 million tons in April. The inventory turnover rate was 3.4 months, while the industry's ideal turnover rate is 2.8 months.

On the import front, imports in May fell 27.4% from April, totaling 120,900 tons, compared to 166,600 tons in April. Compared to the same period last year (417,900 tons), imports dropped sharply by 71.1%. This may be due to the conclusion of anti-dumping procedures imposing new import tariffs on specific products.

Carlos Loureiro, President of the National Steel Distributors Association (Inda), remains optimistic and expects June to sustain the performance seen in May.

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