Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  BOLSA DE VALORES DE SAO PAULO  >  Companhia Siderurgica Nacional    CSNA3   BRCSNAACNOR6

End-of-day quote. End-of-day quote  - 06/29
7.51 BRL   --.--%
05/31 COMPANHIA SIDER : Notice to the Market - Election of Investor Relati..
05/20 COMPANHIA SIDER : Notice to the Market - Clarification on Transnorde..
05/20 COMPANHIA SIDER : Material Fact - Usiminas Share Subscription
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Brazil Flat Steel Inventories Fell To 1.02 Million Tons In March -Sindisider

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/25/2012 | 11:11pm CEST

Inventories of flat steel products in Brazil fell to 1.02 million metric tons in March, 14.7% lower than a year earlier, steel distributors association Sindisider said Wednesday.

The inventories fell to the equivalent of 2.7 months' sales, said the association, which is linked to national steel distributors institute Inda. Steel distributors' sales, however, also fell by 0.9% from the year-earlier period, to 379,300 tons, Sindisider said.

Brazilian flat steel inventories soared to the equivalent of more than 4 months of sales in 2010, when imports surged into Brazil, attracted by local market growth, high steel prices in Brazil and the strong real. The price premium in the domestic market has since fallen to about 5% over the price of imported steel as local mills have reduced prices to compete.

After a decline in steel import levels in 2011, imports are now, however, rising again, according to Sindisider's figures. Imports grew to 149,400 tons in March, up 11.3% on March 2011, and have risen 18.4% in the first quarter of the year, Sindisider said.

"The sector already feels the effects of the increase in imports, with a fall in sales" of products produced by Brazilian steel mills, said Sindisider President Carlos Loureiro. "Given this scenario, we expect a fall in April, of about 10%, in both distributors' purchases and sales."

-By Diana Kinch, Dow Jones Newswires, Tel: 55 21 2586 6086, diana.kinch@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on COMPANHIA SIDERURGICA NACI
05/31 COMPANHIA SIDERURGICA NACIONAL : Notice to the Market - Election of Investor Rel..
05/20 COMPANHIA SIDERURGICA NACIONAL : Notice to the Market - Clarification on Transno..
05/20 COMPANHIA SIDERURGICA NACIONAL : Material Fact - USIMINAS Share Subscription
05/20 COMPANHIA SIDERURGICA NACIONAL : Material Fact - Usiminas Share Subscription
05/17 COMPANHIA SIDERURGICA NACIONAL : Notice to the Market - Reply to BM&FBOVESPA Off..
05/16 Deutsche sees Rousseff ouster boosting Petrobras, Brazil bank debt
05/12 COMPANHIA SIDERURGICA NACIONAL : CSN announces 1Q16 Results
05/09COMPANHIA SIDERURGICA NACIONAL : quaterly earnings release
05/05 HSBC : Louis Dreyfus, Amaggi hire HSBC to sell terminal stake - Bloomberg
05/04 COMPANHIA SIDERURGICA NACIONAL : 1Q16 Earnings Release Schedule
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials