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Residential Brazilian steel product sales increase in May

Gangya Metal466 people have read

Sales of steel items in the Brazilian residential market got to 1.82 million mt Gangya metalin Might, a 3.5 percent increase from April, according to the country's steel institute IABr.Under the same comparative basis, apsteel in coilsparent consumption of steel products increased by 5.8 percent to 2.1 million mt, while the nation's production of unrefined steel increased by 1.7 percent to 2.97 million mt.IABr additionally reported that the index measuringsteel coil cost in china today expectations of steel entrepreneurs in the market declined from May by 1.3 factors to 45.4 factors, remaining listed below 50.0 points, the line above which mirrors favorable expectations.In May, sales of flat products in the Brazilian residential market got to 989,000 mt, sales of longs reached 770,000 mt, and also sales of semi-finished steel items completed 65,000 mt.Brazilian steel exports in Might amounted to 161,000 mt for apartments, 138,000 mt for longs, 526,000 mt for slab as well as 49,000 mt for billets.

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