In Brazil, flat steel sales increased on a monthly and yearly basis

According to data from the Brazilian National Institute of Steel Distributors (INDA), flat steel sales by Brazilian distributors in January amounted to about 330,000 tons, up 25% on the previous month and 6% on January 2022.

The purchase volume increased by 25.9% on a monthly basis and by 7.8% on a yearly basis, reaching approximately 345,000 tons. Stocks increased by approximately 1.7% on a monthly basis, reaching around 894,000 tons.