节点：中游（冶炼、中间品）位置：中游情绪：利好参考度：7/10
据巴西钢铁分销商协会（INDA）称，其会员企业5月销售钢铁产品34.13万公吨，4月为31.4万公吨。出口增长是巴西近期对中国采取反倾销措施的直接结果，该措施减少了廉价中国材料的流入。在相同比较基准下，INDA关联分销商的采购量增长2.3%，达34.06万公吨，库存则维持在115.7万公吨不变。这相当于3.4个月的消费量，仍远高于行业2.8个月的舒适基准。
4月进口量下降27.4%，至12.09万公吨，包括厚板、热轧卷板（HRC）、冷轧卷板（CRC）、镀锌板、热浸镀锌板（HDG）、彩涂板及镀铝锌板产品。与2025年5月相比，2026年5月销量增ɕ..
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