EUROPEAN STEEL DISTRIBUTION NOTED A TURNDOWN OF SHIPMENTS DURING JULY 2016

EUROMETAL’s unique market monitoring system is tracking EU steel distribution shipments and stocks for its two main business segments:

–       Flat SSC distribution

–       Multi-Product & Proximity Stockholding distribution

EU Flat SSC Distribution

After a positive development during first half of 2016, EU shipments by flat SSC distribution came under pressure in July 2016 and dipped by -10 % in a year-on-year comparison. Still, for the first 7 months of 2016 shipments noted a rise of +1,4 %, y-o-y.

Stock volumes with EU SSC were at index = 104 (average 2015=100) in July 2016, compared with index = 103 in July 2015. Considering also poorer sales in July 2016, stocks, expressed in days of sales, noted 67 days, compared with 57 days in July 2015.

In July 2016, EU Multi-Product & Proximity Stockholding Distributionnoted a sharp decline in shipments in all main product lines, longs as well as flats.

July shipments dropped by -14 %, y-o-y, bringing the overall growth rate for the first seven months 2016 down to +2 % in a year-on-year comparison.

Stockvolumes index of EU Multi-Product & Proximity steel distribution noted index = 103 (average 2015=100) in July 2016, compared with index = 104 in July 2015. Slow sales in July 2016 made that stocks,when expressed in days of sales, reached 87 days, in comparison with 75 days in July 2015.

EUROMETAL is the European Federation of Steel, Tubes and Metals Distribution & Trade.

EUROMETAL, on EU level, has developed over the last decade a representative and unique market monitoring system for EU steel distribution.