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Brazil steel distributors outlook 'pessimistic' this year-管材展-钢管展-2015广州国际管材展－中国展出效果最好的管材展-巨浪展览-The 16th China(Guangzhou)Int'l Tube&Pipe Expo
8/27/2014 管材展-钢管展-steel tube expo-tube &pipe expo |
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Sales of flat steel products in Brazil will remain sluggish this year, making distributors "pessimistic" about the outlook for prices and profit margins, an industry executive said on Tuesday.
Mills are struggling with smaller orders and distributors fear that weak demand for plates and slabs could lead to more unwanted inventory unless industrial activity improves, said Carlos Loureiro, president of industry group Inda.
The "lousy" performance of car makers and machinery manufacturing is hurting sales and margins for distributors, making the outlook for prices "rather uncertain at this point," Loureiro said at a news conference in So Paulo.
According to Loureiro, the numbers only confirm the depth of a crisis in the domestic steel industry, which is suffering from cost inflation and a stagnant economy. Unwanted inventory remains too high at current levels, Loureiro said, adding that the "ideal" inventory right now is around 2.5 months of sales.
He did not see room for potential price reductions despite the lack of demand. "It would be useless - you can cut prices for a number of products but I don''t see demand reacting at all," he added.
管材展-钢管展-2015广州国际管材展－中国展出效果最好的管材展-巨浪展览-The 16th China(Guangzhou)Int''l Tube&Pipe Expo
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