Distributor flat steel sales slows in April, says Inda

Distributor flat steel sales slows in April, says Inda

SAO PAULO (Reuters) - Distribution of flat steel in Brazil reduced activity in April as economic uncertainty increases as the US elections approach ...

SAO PAULO (Reuters) - Flat steel distribution in Brazil reduced activity in April as uncertainty about the economy increases as the October elections approach, Inda said on Tuesday.Distributor sales in April fell 14.4 percent from March to 225,100 tonnes, maintaining a downward trend in March.Compared to April last year, sales were up 5.4 percent."It's losing steam, all sectors except automotive," Inda president Carlos Loureiro told reporters.According to the entity's data, in the first two months, sales compared to a year earlier had risen by 19.6 percent, but in the quarter the pace of growth fell to 12 percent, pointing to a further slowdown to 9 percent in the first quarter. end of the semester."What is holding back expectations is political insecurity ... Vehicles, agricultural machinery are still fine, but construction construction is virtually nil," said Loureiro.With the reduction in activity, distributors ended April with higher inventories, by 4.4 percent compare...


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