Additionally, domestic prices were extremely competitive in comparison with imports despite recent increases applied by mills in April, according to the association.
Flat-rolled steel distributors sold 325,400 tonnes in March, up from 265,300 tonnes a year before. Sales of hot-rolled coil outgrew other types of steel, with 189,300 tonnes sold – a 40.85% year-on-year increase from 134,400 tonnes.
In the first quarter, total sales volumes reached 962,400 tonnes, up 16.05% from 829,300 tonnes a year before, Inda added.
At the same time, distributor purchases totaled 340,100 tonnes in March, up 24.81% from 272,500...