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Brazilian flat steel imports from India in June rise 118.1% over last year

RIO DE JANEIRO, BRAZIL - Flat steel imports by Brazilian clients grew 118.1% in June, compared to the same period last year, adding up to 225,970 tons. In the semester, 944,390 tons were imported, a 103.8% increase. The data was released today by the National Institute of Steel Distributors (Inda).

According to Inda's executive president, Carlos Loureiro, added to slab purchases, steel imports reached 364,400 tons in June. "Imports are an important factor in the reduction of distributors' margins. This is because the volumes that arrived in June were bought in January and February at . . .

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